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The crypto market is still under pressure but is trying to find balance around key technical zones after a tough week.
Bitcoin is hovering around $62,000. Holding the support at $61,658 is crucial to keep the double bottom scenario alive. A daily close below this level would reopen the path to $59,228, which is a total invalidation zone for any short-term bullish scenario.
On the Ethereum side, $1,645 remains the first resistance to break. As long as this level isn’t cleanly broken, the selling pressure holds the upper hand. If we see a pullback, the $1,605 support will be critical.
Indicators show historically oversold conditions — RSI at 24, Fear & Greed at 9/100. This isn’t necessarily an immediate reversal signal, but it opens up accumulation windows for those with patience.
📅 What to watch today:
SpaceX's IPO hits Nasdaq this morning under the ticker SPCX — the largest IPO in history raising $75 billion with a valuation of $1.77 trillion. An event of this magnitude draws liquidity from the market and can create volatility across all risk assets, including crypto.
Geopolitical tensions between the USA and Iran continue to weigh on overall sentiment.
Flows into Bitcoin ETFs have remained negative for the past two weeks.
🎯 Key levels:
BTC support: $61,658 | Resistance: $62,922 → $63,078
BTC bullish targets (if double bottom confirmed): $64,464 → $65,715
ETH resistance: $1,645 → $1,687
ETH critical support: 1 605 $BTC $ETH
The crypto market is still under pressure but is trying to find balance around key technical zones after a tough week.
Bitcoin is hovering around $62,000. Holding the support at $61,658 is crucial to keep the double bottom scenario alive. A daily close below this level would reopen the path to $59,228, which is a total invalidation zone for any short-term bullish scenario.
On the Ethereum side, $1,645 remains the first resistance to break. As long as this level isn’t cleanly broken, the selling pressure holds the upper hand. If we see a pullback, the $1,605 support will be critical.
Indicators show historically oversold conditions — RSI at 24, Fear & Greed at 9/100. This isn’t necessarily an immediate reversal signal, but it opens up accumulation windows for those with patience.
📅 What to watch today:
SpaceX's IPO hits Nasdaq this morning under the ticker SPCX — the largest IPO in history raising $75 billion with a valuation of $1.77 trillion. An event of this magnitude draws liquidity from the market and can create volatility across all risk assets, including crypto.
Geopolitical tensions between the USA and Iran continue to weigh on overall sentiment.
Flows into Bitcoin ETFs have remained negative for the past two weeks.
🎯 Key levels:
BTC support: $61,658 | Resistance: $62,922 → $63,078
BTC bullish targets (if double bottom confirmed): $64,464 → $65,715
ETH resistance: $1,645 → $1,687
ETH critical support: 1 605 $BTC $ETH