Today I checked the latest updates from Binance Square about Bitcoin (BTC) and Ethereum (ETH). The market is very volatile right now and both coins are moving fast up and down.
Bitcoin (BTC):
is trading around $113,000. Recently it dropped because many leveraged traders got liquidated. The important support is at $112,000 and the resistance is around $116,000–$118,000. In the long term, news about U.S. Spot ETFs is giving positive hope, but short-term the market is still weak.
Ethereum (ETH):
dropped more strongly than BTC. It fell from $4,681 down to $4,077, and right now it is around $4,190–$4,200. The main support is $4,077 and if this breaks the next level is $4,000. Resistance is near $4,450. In the past few days ETH is down about 6–7% and indicators are looking bearish for the short term.
My view:
$BTC looks more stable and safe to hold if it stays above $113k. ETH is riskier but can give bigger profit if it bounces from support. If I buy ETH, I will keep stop-loss just below $4,000.
