Are you feeling lost amid the market fluctuations? After days of gloom, are we witnessing a strong recovery signal? Join me as we delve into the macro and technical factors currently affecting the two giants $BTC and $ETH right now!
Chart of $BTC: Has the Bottom Formed?
Look at the Bitcoin chart from the past week. After hitting a crucial support level, we see an impressive bounce. Trading volume has started to increase slightly, indicating that investor confidence is gradually returning. Could this be a signal that the 'whales' are quietly accumulating?$BTC
Technical Analysis: The RSI line is showing bullish divergence on lower time frames, a potentially positive sign. The next important resistance level is $X. If $BTC surpasses this threshold with high volume, we can expect a stronger upward trend.
Ethereum and the Expectation of $ETH Spot ETF
Not just Bitcoin, $ETH is also attracting special attention. With positive developments surrounding the approval of the $ETH Spot ETF in the United States, market sentiment towards Ethereum is being strongly reinforced. This could open the door for a massive influx of institutional capital, pushing the price of $ETH to new heights. What do you think about the upcoming trends of $BTC and $ETH? Please leave a comment and discuss with me!