#Write2Earn

What do I expect from the market?

📉 BTC (Bitcoin): preparing for a new long

After the BTC price reached $120,000 and lingered in a sideways movement, selling volumes appeared in the market. The last trade had to be closed at a loss.

Currently, Bitcoin is correcting downwards and has reached a favorable zone for purchases (according to the Fibonacci grid — discount zone). The nearest interesting zone for a rebound is $113,500 – $110,500.

📈 ETH (Ethereum): watching for entry opportunities

The price of Ethereum is currently moving in the range of $3,850 – $3,856, and buyer activity — accumulation — is observed in this zone.

The main goal is to update the previous maximum at the level of $3,857.

But there is a nuance: the chart shows that the price lingered in the $3,700–$3,800 zone for a long time, which may mean that buyers are already weakening here, and sellers may enter the game. This should be considered before entering.

Overall, the market currently looks unstable, but new opportunities for longs are opening up — the main thing is to wait for a clear signal and not rush.