Bitcoin Ether Weekend Market Analysis

Happy weekend, brothers!

The cryptocurrency market has plummeted due to the war between Israel and Iran, with Bitcoin dropping from 110,000 to around 102,000, a nearly 10,000 point decline, while gold has seen a significant rise.

Back to the chart, after Bitcoin's last drop to around 100,000, it quickly rebounded. This time it dipped to around 102,700 again, so the support between 100,000 and 102,000 for Bitcoin is very important. If it breaks below, there is likely to be a significant washout, first pulling the bears to a state of panic, and then reclaiming profits from the bulls. Therefore, the support around 100,000 for Bitcoin is crucial!

Ether's recent movements have been characterized by sharp rises and falls, becoming increasingly wild. It is not appropriate to short at this position; there is support below. Try a long position around 2,500 with a small stop loss; it’s worth taking a gamble at this level.