Technical Analysis $BTC & $ETH

Bitcoin (BTC)

Current Price: ± $118,500

Trend: Short-term decline after reaching $124,000

Key Levels:

Support: $117,000 – $118,000

Resistance: $121,500 – $123,000

Technical Indicators:

RSI 15 minutes / 1 hour: approaching oversold → potential small rebound

EMA 20 & 50: EMA 20 below EMA 50 → short-term bearish trend

MACD: Negative histogram, downward momentum still strong

Strategy:

Entry buy: near support $117,000 – $118,000, stop loss below $116,500

Entry sell / short: approaching resistance $121,500 – $123,000 if it fails to break through

Ethereum (ETH)

Current Price: ± $4,591

Trend: Down following BTC, volatility slightly lower

Key Levels:

Support: $4,500 – $4,550

Resistance: $4,700 – $4,750

Technical Indicators:

RSI: approaching oversold → small rebound potential

EMA 20 & 50: EMA 20 starting to approach EMA 50 from below → potential minor reversal

MACD: Still negative, signal line starting to flatten → bearish momentum slowing down

Strategy:

Entry buy: support area $4,500 – $4,550, swing target $4,650 – $4,700

Entry sell: at resistance $4,700 – $4,750 if it fails to breakout

Brief Conclusion:

BTC & ETH are currently short-term bearish, but near important support levels → there is a small rebound opportunity

Aggressive traders: scalping at support/resistance

Conservative traders: wait for breakout or reversal confirmation

Monitor major news or US inflation as it could trigger extra volatility