WHAT WILL HAPPENED IN NEXT 24 HOURS
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📉 Crypto Market Snapshot
Bitcoin (BTC)
Slight dip (~–1.8%), trading around $118 k after rebounding from an intraday high of ~$120.4 k.
Bears briefly stepped in around the $123 k resistance, but dip-buyers regained control .
Ethereum (ETH)
Down ~–2.3%, currently near $3,575, after a peak at ~$3,662 .
24‑h derivatives volume surged ~+2.2%, overtaking BTC with increased open interest and strong positioning in ETH futures .
Technically, ETH’s “golden cross” – price above both 50‑ and 200‑day EMAs – remains intact, indicating bullish control .
🔍 Momentum Analysis
Short-term (24h): Slight bearish tilt based on price pullbacks: BTC hitting resistance, ETH retracing from highs.
Underlying bias: Momentum indicators favor crypto bulls:
ETH’s derivatives activity and golden cross suggest strong buildup .
Market-wide fear & greed index remains in “Greed” territory (around 69), a bullish indicator .
Altcoins rallying: ETH led a broader altcoin surge (~+8–9% in the past 24h) .
🔧 Technical Drivers
Resistance tests: BTC faces key resistance around $120–123 k; ETH pulled back from near-term highs but retains structural strength.
On-chain & Derivatives flows: Institutional/investor positioning is ramping up, especially in ETH .
Macroeconomic backdrop: U.S. stablecoin regulation and supportive bills are fueling broad crypto optimism .
✅ Summary
Momentum: Mixed in the very short term—with a slight bearish retracement in price—but structural trend remains bullish.
BTC is consolidating after resistance, ETH retains strong momentum through technical and derivatives signals.
Altcoins gaining momentum, which may presage further upside in the broader market if support holds and regulators continue positive momentum.
🔮 Outlook
If BTC breaks above $123k resistance, it could reignite strong bullish sentiment.
ETH aim: Retest $3,700+ soon if accumulation continues.
