📈 Technical Analysis – Bitcoin (BTC) & Ethereum (ETH)
Bitcoin (BTC) – Current Movement Profile
Current price: approx. US$ 101,200, after a drop to US$ 98,200 on Sunday and a good recovery.
It is consolidating within a descending channel formed after the high in April/May.
Strong support:
US$ 100,000 (lower line of the channel)
If it loses this level, it may test US$ 92,000 again.
Resistance:
US$ 107,000 (top of the channel + previous highs)
If it breaks with volume, it can rise to US$ 112,000 (next ATH).
Indicators:
RSI around 62 on the daily – not overbought yet.
MACD neutral, waiting for a breakout or drop decision.