📈 1. Bitcoin (BTC) Overview:
Yesterday, Bitcoin surged to test the resistance level of $108,500 but failed to break through, leading to a pullback towards $107,000. However, it held strong at that level and quickly rebounded, reaching a recent high close to $108,800.
Currently, Bitcoin is facing a key resistance at $109,200. If it fails to break above this level, we may see another retracement. The weekly candle, which closed today at 8 AM, was a strong bullish one, spanning a low of $99,500 to a high of $108,500, showing a significant 9,000-point range.
This volatility has also been influenced by geopolitical developments — the recent Middle East conflict led to a drop in price, and with the situation calming, a strong recovery followed.
🔍 Key Focus: The monthly candle closes tomorrow at 8 AM. It remains to be seen whether Bitcoin can push beyond $110,000 or if we witness a spike tonight followed by a correction by morning.
📌 Major Resistance Levels:
→ 109,200
→ 110,300
→ 110,800
→ 111,300
→ 112,000
⚠️ Avoid long positions between 109,000–112,000. Instead, consider short setups at resistance zones with stop-losses above breakouts.
📉 Support Levels:
→ 108,000
→ 107,000
→ 106,500
→ 105,800
👉 If Bitcoin drops below 106,000, we could see further downside.
💡 2. Ethereum (ETH) Overview:
ETH spiked to $2,406 before pulling back, but it quickly rebounded and climbed above $2,500, reaching highs near $2,524. Currently, ETH is consolidating at a high level without showing any major signs of weakness.
The key resistance lies at $2,560. If ETH cannot break above this level, it’s likely to retrace. Ethereum's movement remains largely correlated with Bitcoin — if BTC doesn't break above $109,200, ETH is unlikely to break $2,560 either (unless it develops its own independent trend).
📌 Resistance Levels:
→ 2,560
→ 2,620
→ 2,680
→ 2,730
📉 Support Levels:
→ 2,480
→ 2,450
→ 2,370
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