$BTC $ETH
Today, the cryptocurrency market is experiencing a cautious volatility, with Bitcoin (BTC) price moving in a narrow range around the $67,000 level after a failed attempt to break the resistance at $69,000. Buyers continue to support the market above the 50-day moving average, indicating a moderate buying momentum, but the weak liquidity reflects a state of anticipation among investors.
Ethereum (ETH) maintains its levels above $3,500, but the lack of sufficient momentum to break the resistance at $3,700 increases the chances of a retest towards $3,300. Alternative cryptocurrencies (altcoins) are showing mixed performance, with coins like SOL and AVAX standing out in a short rebound wave supported by positive news from the parent projects.
The Relative Strength Index (RSI) for most major currencies indicates a balanced market leaning towards neutrality, with a potential sudden move in case of regulatory news or impactful economic data.
In the short term, traders are advised to be cautious and avoid taking large positions until the overall trend becomes clear, especially in light of the anticipation for U.S. monetary policy decisions and their impact on high-risk assets like cryptocurrencies.
