BTC Analysis (Bitcoin)
Current Price: $84,000
Key Resistance: $90,000
Key Support: $81,500
Moving Averages (MA):
7-day MA: $86,779 (BTC trading below this, showing weakness)
25-day MA: $90,409 (Long-term trend still bullish but weakening)
Trend: BTC is struggling below 7-day MA, and the previous weekly candle shows selling pressure. If it breaks below $81,500, we could see a further drop towards $75,000.
Outlook: Short-term bearish, unless BTC reclaims $87,000.
ETH Analysis (Ethereum)
Current Price: $1,868
Key Resistance: $2,150
Key Support: $1,750
Moving Averages (MA):
7-day MA: $2,135 (ETH trading below this, a bearish sign)
25-day MA: $2,884 (Indicating a long-term downtrend)
Trend: ETH is in a downtrend, but it has bounced from $1,754. If it stays above this level, we might see a recovery. Otherwise, a drop to $1,600 is possible.
Outlook: Short-term bearish to neutral, depends on whether ETH holds above $1,750.
