RESISTANCE LEVELS IN THE MARKET: BTC AND ETH STRATEGIES
A narrow movement is seen at 97,000 levels in the crypto market today. It is observed that major assets such as BTC and ETH are approaching short-term resistance levels. While BTC may encounter strong resistance in the 97,700–98,000 region, ETH may remain under selling pressure in the 3,670-3,700 band.
Technical analysis indicates that the limited increase in volume for BTC may prevent an upward breakout and that ETH may decline to 3,600 levels in the short term. As an intraday strategy, 95,000 can be targeted by opening a short position for BTC at 97,700–98,000 levels. Similarly, 3,600 levels can be targeted by taking a short position at 3,670–3,700 levels for ETH.
According to macroeconomic data, developments in US unemployment and PMI data may affect investor sentiment and increase the volatility of crypto assets. Therefore, it is critical to pay attention to resistance levels and volume analysis.
Conclusion: BTC and ETH may remain under pressure at current resistance areas. A decline from these resistance levels can be expected in the short term. However, investors should be careful about volatility and closely monitor market trends.
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️