I'm going to be honest about where I stand right now.
I think the market is at a crossroads, with BTC holding above $64000 and ETH above $1700, which is a good sign for the bulls.
If BTC can break above $66000, I'd be looking to long with a stop-loss around $63000 and take-profit at $68000, considering the current price of $64603.66.
This would be a strong signal that the market is ready to move higher, with ETH potentially following suit and breaking above $1800.
If, on the other hand, BTC falls below $62000, I'd be looking to short with a stop-loss around $65000 and take-profit at $58000, taking into account the current 24h low of $63270.00.
I think the first scenario is more likely, given the recent stability in the market and the fact that the largest Ethereum treasury firm is still buying ETH, with a goal of owning 5% of the ETH supply, currently priced at $1740.93.
Overall, I'm cautiously bullish, and I think we could see a move higher in the coming days, with coins like BNB and XRP potentially leading the way, considering their current prices of $595.49 and $1.1395 respectively.
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