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$BTC (Bitcoin)
RSI:
• 1h: 57.44 — near overbought.
• 4h: 67.81 — overbought, possible signal of a local correction.
• 12h: 58.14 — moderately bullish.
• 24h: 53.48 — potential for growth remains.
Levels:
• Support: $113,800 → $113,000. Strong zones, holding will increase the likelihood of continued growth.
• Resistance: $114,800 → $116,000. Key barriers where profit-taking is likely.
Comment:
BTC is trading at $114,377.42 (+0.35% for the day). On smaller timeframes, the market is overheated, RSI confirms the risk of a local correction. Higher intervals remain in the growth zone, indicating the continuation of the uptrend.
Forecast:
• Short-term: high probability of correction in the area of $113,800–$113,000.
• Targets for growth: $114,800 → $116,000.
• Downside risks: a breakout at $113,000 will open the way to $111,500.
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$ETH (Ethereum)
RSI:
• 1h: 47.20 — neutral.
• 4h: 52.98 — slight bullish trend.
• 12h: 46.05 — neutral.
• 24h: 44.22 — there is still room for growth.
Levels:
• Support: $4,100 → $4,000. Areas with high probability of bounce.
• Resistance: $4,200 → $4,280. Nearest targets for buyers.
Comment:
ETH is trading at $4,137.46 (-1.35% for the day). RSI is neutral, the coin looks less overbought than BTC. The current range is forming consolidation, a breakout at $4,200 is likely to accelerate growth.
Forecast:
• Short-term: consolidation within $4,100–$4,200.
• Targets for growth: $4,280 → $4,350.
• Downside risks: consolidation below $4,000 will lead to a decrease in the area of $3,850.
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General market conclusions
• BTC shows signs of overheating on smaller timeframes, indicating the likelihood of a short-term correction.
• ETH is in a more balanced zone but is not currently showing impulsive growth.
• Overall market sentiment — bullish, but overheated on short intervals.
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Trading strategies
• Long only from support ($113,000 for BTC; $4,100 for ETH).
• Take some profit at resistances ($114,800–$116,000 for BTC; $4,200–$4,280 for ETH).
• Avoid aggressive entries at peaks.
• In case of correction, consider buying on pullbacks.
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