MARKET SENTIMENT TODAY

📊 Bitcoin (BTC) Technical Analysis

⚡ Bullish Breakout & Momentum

Bull‑flag breakout: BTC recently cleared the upper boundary of a consolidation flag, reinforcing its up‑trend. Targets now range from $112 K short-term to $137 K+ medium-term .

Golden cross: A bullish golden cross formed as the 50‑day MA crossed above the 200‑day MA, suggesting sustained upward momentum .

🔍 Key Price Levels

Immediate resistance: ~$112 K (May high). A breakout toward $137 K is possible if this yields .

Support zones:

First cushion: $107 K–$105 K, coinciding with prior peaks and flag support .

Stronger buffer: $100 K – a major round number and long-term trendline .

⚠️ Caution Signs

Narrowing price–SMA spread: The gap between price and the 50‑day SMA has tightened, hinting at potential profit-taking & short-term cooling .

Momentum divergence: Short-term indicators (MACD, Stoch RSI) show slight bearish crossover or overbought signals on lower timeframes .

📈 Ethereum (ETH) Technical Analysis

🟢 Trend Continuation & Consolidation

ETH has decisively breached $2,700 resistance, marking a break from recent consolidation and supported by strong futures volumes .

Maintains an ascending EMA50 support, with RSI recently off overbought and re-energized for continued upside .

🎯 Key Targets & Range

Immediate upside: Approx. $2,880–$2,920 indicated by futures and volume-profile breakout analysis .

Medium-term target: ~$3,000–$3,069 supported by bull-flag pattern and on‑chain data .

Support floor: $2,500 remains crucial, backed by IOMAP clusters between $2,349–$2,426 .

📐 Additional Technical Insights

Over 90% bullish MA signals on 1‑hour chart, though slight overbought (RSI/CCI) suggests potential brief pullback or choppy action .

“Beast‑mode” breakout sentiment is strong, with traders eyeing structural upside to $4,000+, especially if stake inflows keep tightening ETH supply .

🧭 Chart Summary

Asset Trend Resistance Targets Support Levels Key Indicators

BTC Bullish $112 K → $137 K $107–105 K → $100 K Bull-flag breakout, golden cross, narrowing SMA spread

ETH Strong Bullish $2,880–2,920 → $3,000+ $2,500 primarily EMA50 support, candlestick breakout, overbought RSI

✅ What Traders Might Do

Bitcoin: Watch the $112 K breakout—entry on breakout or dip to $107–105 K. Stop-losses near the 50‑day MA if support fails.

Ethereum: Consider rides from $2,700 bre

akout, targeting $2,880–$3,000. A tighter stop if price revisits $2,500.