Crypto Market Update – Evening Analysis
The market today remained relatively quiet and stable, with Bitcoin (BTC) holding firm and showing resilience. Altcoins are mostly following BTC’s trend but with weaker momentum. Here’s a breakdown of key insights and trade setups:
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Bitcoin (BTC)
Trend: Stable with short-term bearish pressure
Key Support Zone: $100,500 – $102,000 (VWAP + 200 EMA + Value Area Low)
Key Resistance Zone: $104,000 – $104,900
Setup:
Entry (Buy): Around $100,500 (strong support zone)
Target: $104,000 – $104,900
Stop Loss: Below $99,800 for safety
> Outlook: Expecting a pullback into support before a bounce. Still fundamentally strong with no major risk signals.
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Trend: Slight fakeout above resistance, now pulling back
Key Support Levels: $2.50 and $2.45
Resistance Zone: $2.75 – $2.85
Setup:
Entry (Buy): $2.45 – $2.50 zone
Target: $2.75 – $2.85
Stop Loss: Below $2.40
> Outlook: Likely to mirror Bitcoin. Looking for stabilization at support followed by a potential upward move.
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Jito (JTO) – Solana Ecosystem
Trend: Strong recent momentum, holding above $1.90–$2.00
Setup:
Watchlist Entry Zone: $1.90 – $2.00 (if it holds)
Target: Mid-term upside potential toward $2.50+
Stop Loss: Below $1.80
> Outlook: Wait for confirmation of support holding. Potential for strong upside if Solana narrative continues.
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Jupiter (JUP) – Solana Ecosystem
Trend: Waiting for breakout or deeper pullback
Setup 1 (Breakout Play):
Entry: Above $0.585 (confirmed breakout)
Target: $0.65 – $0.70
Stop Loss: Below $0.55
Setup 2 (Pullback Play):
Entry: $0.45 – $0.50 zone
Target: $0.585 and beyond
Stop Loss: Below $0.43
> Outlook: Favorable volume and structure. Be patient—either a breakout or deeper pullback offers opportunity.