#BTCvsETH

Break down of current market situation for Bitcoin (BTC) and Ethereum (ETH):

BTC Dominance: Bitcoin is trading above $110,000, showing bullish consolidation. Key technical indicators to watch are:

RSI: Hovers around 60, indicating a relatively strong position.

MACD: Shows a slight bullish crossover, suggesting potential upside momentum.

Resistance: A break above $112,000 could confirm upside momentum toward $118,000.

Support: Key support sits at $106,000.

ETH Performance: Ethereum is trading near $3,786.51, showing signs of relative weakness. Key technical indicators to watch are:

Sideways Channel: ETH is stuck in a sideways channel between $5.9K-$6.3K, with a potential breakout above $6.3K signaling renewed strength.

Volume Profile: Thinning volume suggests a larger move may be imminent.

Strategy Insights:

Short-term Momentum: Favor BTC for short-term momentum, given its current bullish consolidation.

ETH Breakout: For ETH, wait for volume confirmation and a breakout above to reduce false entries and confirm renewed strength.