๐ฃ ๐จ Technical Analysis & Today's Trading Opportunity in the World of Cryptocurrencies! ๐จ
1. Bitcoin (BTC):
Current price โ $118,331 after a slight correction (~โ0.8%)
Daily resistance at $119,550, strong support around $117,000
High trading volume indicates a desire to buy at support levels. Today's correction is an opportunity for a short-term trade**
2. Ethereum (ETH):
Current price โ $3,551 with a decline of about โ1.8%
It reached a high of $3,658 and a low of $3,490
Daily moving averages (MA50, MA100, MA200) are issuing โstrong buyโ signals according to Bitget and Investing.com
RSI around ~52 gives a neutral state of overbought/oversold. MACD supports daily positivity
๐ Strong Signals:
Ethereum is bouncing back from the bottom (~$3,490) and entering the pivotal zone (~$3,562โ$3,661)
A reversal confirmation is likely towards $3,660 โ $3,700 within the next 24 hours
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๐ Suggested Chart to Implement Today (4 hours):
Price + MA50, MA100, MA200
RSI Indicator (14) + MACD
Boxes around support areas ($117k, $3,490) and resistance ($119.5k, $3,650)
Clear arrows on reversal points and expected price
Simple background highlighting candlesticks
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๐ฅ Summary:
Possible Trade at Support:
Buy entry at $117,000 (BTC) or $3,490 (ETH)
First target at resistance (~$119,550/$3,660)
Tight stop loss below support by 1โ2%
๐ Timing is important! Today's volume indicates the possibility of a corrective jump by the end of the day
#BTC #ETH๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ #solana #Xrp๐ฅ๐ฅ #bnb $BTC