๐โโ๏ธ Hey guys!
As always, at the beginning of the week we summarize and analyze the crypto market.
๐The crypto market corrected last week after negative news: new car duties from the US President and weak macro statistics on inflation. Bitcoin reached $80,850 but lost upward momentum, falling to $80,000 (key support). Resistance at $85,000, where stop liquidity has accumulated, could trigger upward momentum if broken. The ratio of longs to shorts is 5:1, indicating expectations of a decline, but the market could go against the crowd.
Etherium (ETH) is near the lower boundary of the sidewall: support at $1,750, resistance at $1,900. A breakdown of these levels could trigger momentum. The ratio of longs to shorts is 1:2, most are waiting for a decline. Medium-term growth is possible with a consolidation above $2,100.
ETF market:
* Inflows into Bitcoin ETF: $197M.
* Outflow from Ethereum ETF: $9M. Investors favor bitcoin as a more reliable asset.
Stablecoins: 1.6 billion stablecoins (USDT+USDC) have been printed, which could fuel the market.
โ๏ธ Onchain Metrics: Small BTC inflows to exchanges, open interest declined, circulation at historic lows - market in consolidation phase.
๐ Macroeconomics: Trump's new duties go into effect this week, additional tariffs from Mexico possible. Key data: business activity (Tuesday), job openings, Non-Farm Payrolls and the unemployment rate (Friday), and the Fed chief's speech. Markets in uncertainty, high risks.
๐ก Forecast:
* BTC: In sideways, resistance $85,000 (buying on breakdown), support $80,000 (local) and $75,000 (medium-term).
* ETH: In sideways, resistance $1,900 (local breakout), $2,100 (medium-term long), support $1,660.
- Recommendation: Wait for a sideways exit with confirmation of volumes and positive consensus. Do not hurry to enter unproven movements. $BTC $ETH