📊 24‑Hour Market Outlook
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Bitcoin (BTC)
Current price: ~$119 k, consolidating after its all-time high of $123 218 last week .
Short-term forecast: Technical models anticipate a drop of ~3.5% to around $115 k over the next 24–48 hours .
Support: $116 k–$115 k
Resistance: $120 k–$123 k, with a decisive break above $120 k potentially leading to a test of the all-time high .
Ethereum (ETH)
Current price: ~$3 795, up ~3.4% in the last 24 hr. Still hovering just below its recent resistance near $3 800–$3 830 .
Short-term
If it breaks above $3 800–$3 830, models expect a move toward $4 095–$4 100 and potentially $4 250 within 24 hours .
If rejected, ETH could retreat to supports in the $3 610–$3 600 zone .
⚖️ Market Drivers
The GENIUS Act, recently passed by the US House (and awaiting the President's signature), is improving stablecoin regulation. That's boosting confidence, though it may also be fueling a short-term “relief pause” in BTC .
We’re entering what TradingView analysts callclassic bull cycle dynamics: BTC consolidates at highs while altcoins like ETH and XRP gather momentum. This often precedes a broader breakout .
A dip in Bitcoin dominance (the share of BTC in total market cap) suggests capital is rotating into altcoins, benefiting ETH and others .
What to Watch in the Next 24 Hours
Asset Key Scenario Price Range to Monitor
BTC Decline per technical model or hold steady **$115 k–$116 k
BTC Bounce and breakout above consolidation range **$120 k–$123 k
ETH Break above resistance—move toward $4 095–$4 250
ETH Rejection—test support at **$3 600–$3 610**
🧭 Strategic Tips
1. Short-term traders: May consider short exposure near BTC’s upper consolidation level (~120 k), or wait for a breakout before going long.
2. ETH traders: A confirmed move above $3 800–$3 830 could be a low-risk opportunity; else, watch ~$3 600 for bounce plays.
