Bitcoin (BTC):
✅ Current Price: $66,800
📉 General Trend: Short-term corrective
📈 Major Support: $65,000
📉 Strong Resistance: $69,000
🔹 After the rise witnessed in the market following the recent Federal decisions, the price of Bitcoin has begun to form a short corrective wave towards the support area between $65,000 and $66,000.
🔹 Continued holding above this support may pave the way for a new rise towards $70,000, especially if inflation data comes out positive this week.
📌 Technical Outlook:
The 50-day moving average supports the upward trend
The RSI indicates a neutral area with a potential bounce
Breaking support at $65,000 may push towards $62,500
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💻 Ethereum (ETH):
✅ Current Price: $3,470
📈 General Trend: Bullish
📉 Near Support: $3,300
📈 Next Resistance: $3,600
🔹 Ethereum continues to maintain strong upward momentum supported by expectations of the launch of Ethereum ETF funds in the coming months.
🔹 The price has been moving within an upward channel since the beginning of the month, and any correction towards $3,300 may be a buying opportunity.
📌 Technical Outlook:
Golden cross between the 50-day and 200-day moving averages
RSI indicates proximity to the overbought area
Breaking resistance at $3,600 will open the way towards $3,800