As the financial markets fluctuate between optimism and tension, cryptocurrencies stand at a critical crossroads. Everyone is asking the same question: Are we on the brink of a new rise? Or is the decline still on the way?
In this article, we highlight what is happening now in the market and anticipate the movement of cryptocurrencies in the coming hours based on technical analysis and current global data.
🪙 First: The market is at a sensitive moment
In the past few hours, Bitcoin (BTC) has shown a kind of cautious stability, fluctuating between $100,000 and $106,000. Meanwhile, Ethereum (ETH) is trying to maintain the vital support level at $2,300. This consolidation does not indicate stagnation, but rather calm before the storm.
📉 Technical indicators: mixed signals but...
The Relative Strength Index (RSI) stands at "neutral" levels, indicating neither overbought nor oversold conditions.
The MACD indicator shows signs of a bullish crossover on the short time frame, which is the first ray of hope for new momentum.
Trading volumes are relatively low, indicating that the market is in a state of anticipation for an upcoming breakout either upwards or downwards.
🌍 External factors: clouds are gathering... but the light is there
Markets are awaiting U.S. economic data that may affect risk appetite.
Geopolitical tensions cast a shadow over financial markets as a whole, pushing traders towards repositioning.
On the other hand, institutional demand for Bitcoin has not declined, and on-chain data shows strong accumulation signals from large wallets.
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📈 So, where is the market heading?
🔺 Bullish scenario:
If Bitcoin holds above the $100,000 level and does not break it, it is poised to bounce back towards $106,000 and then $110,000 in the next few hours or days.
This scenario is likely if the markets respond positively to the economic data, or supportive news for cryptocurrencies emerges.
🔻 Bearish scenario:
If Bitcoin loses support and breaks the $100,000 level with a strong close, we may see a rapid drop towards $95,000 or even $92,000.
This scenario is possible if the U.S. dollar index rises, or if geopolitical crises suddenly escalate.
🧠 Closest expectation: Cautious rise in the short term
Based on technical indicators, today's market performance, and the balance of power between buyers and sellers, we can say that:
> ✨ Digital markets are preparing for a bullish rebound in the coming hours, provided they hold above critical support levels.
However, this rise will not be explosive but gradual and volatile – thus, traders must exercise patience and discipline.
✅ Recommendation for investors
Monitor support at $100,000 (BTC) and **$2,300 (ETH)** closely.
If a clear rebound occurs with strong trading volumes, it may be a suitable time to enter.
Do not enter the market aggressively before confirming the breakout or rebound – the market currently rewards the smart, not the reckless.