Weekly Technical Analysis

Bitcoin is facing resistance near $119,500. However, the broader uptrend remains intact, indicating that this pullback may be temporary.

⚠️ Key Levels:
Resistance: ~$119,500
Support 1: $108,000 to $109,000 (initial correction target)

Support 2: $100,000 to $108,000 (key area for deeper correction)

📝 Scenarios:
1️⃣ Base case: Pullback to $108,000–$109,000 to test buying interest; strong volume could trigger a reversal.
2️⃣ Alternative: A break below $109,000 would lead to deeper correction toward $100,000; holding above $112,000 would cancel the correction and suggest uptrend continuation.

ETH briefly targeted $4,120 but failed to reach it.

⚠️ Key Levels:
Resistance: ~$4,120
Support zones: $3,040; $2,680; $2,520

📝 Scenarios:
1️⃣ Base case: Pullback to $2,520–$2,680 to confirm support; watch for rising volume as a cue for renewed buying.

2️⃣ Alternative: A swift rebound above $3,040 and holding there could lead to a retest of $4,120.

⚠️ This week is critical for both BTC and ETH. 

Close monitoring of price reactions and trading volume at the levels outlined above will be essential.

IMPORTANT DISCLAIMER:

Content is for educational purposes only.

Past performance ≠ future results.

All investments involve risk.