As we enter the weekend, we have seen a slight pullback in the markets. Trump's announcement that he will impose a 50% tariff on the European Union starting June 1 has led to some selling in U.S. stocks. We can see that this situation is also reflected in the crypto space. Although the data and the overall market structure are still positive, the uncertainty on the macro front is putting pressure on short-term pricing.
We see that $Btc is moving within an ascending channel. It is trading at levels of 108,750 and continues to test the upper band of the channel. If it holds in this area, a move towards 116,000 can be expected. However, in the event of a pullback, the first strong support is in the range of 104,000 - 102,000. If no reaction is obtained from here, the 96,000 region could act as the next support.
$Eth had broken a long-standing ascending trend line, but the price received a nice reaction from the last support at approximately 2,850. It is currently approaching the trend area again. Until we see closes above 3,200, it should be considered a retest of the broken trend. The 3,600 - 3,900 range above should be closely monitored as a strong resistance area.
Although the technical structure remains solid, we are going through a period dominated by global developments. Therefore, even though the charts point to upward potential, the direction will be determined by macro data and political developments in the short term. I wish everyone a lovely weekend 💐