THE GRANDEUR SYNDROME GROWS

#BTC

Bitcoin is moving according to expectations at the beginning of the week, where I anticipated a retest of the $80K level, followed by a decline to the support zone of $70K-74K.

Below this zone, the asset has not yet moved, and with the news of a pause on tariff rates from the USA, it returned to the $82K level.

At the moment, a "Bullish Engulfing" pattern has formed on the 1D chart, from which I expect a continuation of growth in local limits up to the resistance zone of $85K, where two moving averages, 200DMA, and 50DMA 1D, along with a descending trendline, are currently located.

If we look at the chart even more locally on the 30M timeframe, I expect a decline to the imbalance zone of $79600-80130, followed by a rebound and growth to the $85K level, where there is also accumulated liquidity according to the heat map.

In the case of a confident breakout and consolidation above $85K, I expect further growth to ~$90K, which, in my opinion, is currently unlikely. I see a higher probability of a return to the support zone of $70K-74K.

#ETH

Ethereum looks significantly weaker than Bitcoin, but it is also performing well based on my expectations from the review at the beginning of this week. As I mentioned, we reached the high zone of 2018 and received a reaction.

Currently, I consider growth as a retest to the $1750 level, but according to the heat map, there is significantly less liquidity there than below. Therefore, there is a chance of a downward move even without this small growth. The asset is currently at a key strong support level, from which I expect a recovery and good growth. Before that, we might see further trading with a deep dip down to $1150. Again, I will confidently talk about strong growth and recovery when Ethereum moves above the $2145 level. Until then, I will consider all bullish movements as local.

Thank you for your attention! Wishing everyone profit and a great weekend!