$BTC The Bitcoin (BTC) market has experienced a strong rise, first breaking through the key resistance of 87,500 USDT, then that of 97,100 USDT.
Currently, the price is moving within a range between 102,300 and 105,000 USDT. This range phase is caused by profit-taking from buyers after the rapid rise, combined with short-term hesitance from sellers. Investors are now waiting for a clear catalyst, such as a major economic announcement or a strong technical signal, to trigger a new trend, either a continuation upward or a correction.
#TradeWarEases The trade war between the United States and China took a major turn this weekend. After months of tariff escalation, the two powers reached a preliminary agreement in Geneva, aimed at temporarily reducing tariffs for a period of 90 days. The United States is lowering its tariffs on Chinese imports to 30%, while China is reducing its tariffs to 10%.
The crypto market, traditionally very sensitive to geopolitical tensions and economic uncertainties, also reacted. Many cryptocurrencies experienced a price increase over the last 24 hours.
ETH continues its upward momentum after breaking through the key zone of $1800.
Currently around $2500, the market shows strong buyer interest. A continuation could target $2800, or even $3400 in extension.
‼️‼️However, a technical correction cannot be ruled out, particularly towards the Fibonacci retracement level at 0.5, located around $2115. Traders should remain vigilant and wait for clear confirmations before entering any position. Good risk management and technical analysis remain essential to benefit from ETH movements without exposing oneself to excessive volatility.
#ETHCrossed2500 After breaking upwards past the 1730 ~$1800 range, ETH reached $2500. If it maintains this momentum, we could consider an extension towards $2800, or even a test of $3400.
However, in the coming hours or days, a correction towards the 0.5 Fibonacci level could occur (1730 > highest price) It is therefore wise to wait for a clear confirmation before taking a position.
📈Break of 1730 ~$1800: ✔️ A bullish break above this resistance often strengthens buying momentum.
2. Target 2500 $ reached: ✔️ This level is a logical target after the break, often aligned with previous highs.
3. Projections towards 2800 $ – 3400 $ : ✔️ These are credible targets if the bullish movement continues. The 2800 $ may correspond to an intermediate resistance level, while 3400 $ could be an extension or an older peak.
#AltcoinSeasonLoading The altcoin season is coming. This is the period when altcoins outperform Bitcoin in terms of returns. The conditions: ✔Some altcoins are recording larger price increases than Bitcoin ✔Investors are moving their capital towards altcoins to take advantage of better returns 👉Declines in Bitcoin dominance ↘️ 👉Increases in altcoin market capitalization ↗️
For this month of May, given the current context, we are entering this season.
Caution though, as the altcoin season is not yet officially confirmed, so one must pay attention to the indicators.
#PatienceIsKey ✔Patience to learn ✔Patience during "The Trader's Boredom" (observation phase) ✔Patience during market analysis (not rushing to take a position) ✔Patience not to give up if we incur losses
#CryptoComeback After a few months of declines, particularly for Bitcoin $BTC , Ripple $XRP , Ethereum $ETH , the world of crypto seems to be recovering
Bitcoin has once again crossed the 100k mark, XRP is around 2.30 USD ETH has broken the range zone
Overall, market sentiment is positive
Increased activity: High trading volumes suggest active participation in the markets, such as for XRP and BTC.
Favorable technical outlook: Technical analyses indicate upward trends, boosting traders' confidence. Stay attentive to market developments Before entering the market: ✔Use Fibonacci retracement to observe corrections, ✔Look at the RSI ✔Draw trend lines to see breakouts😎📈
#BTCBackto100K After Bitcoin reached the impressive peak of 🔺️109000usd, and then fell to its lowest point around 🔻 74508 usdusdt, here it is again, Bitcoin has crossed the 100k line 🔼. There is a range zone at the level of 91500~97800usdt, and even if Bitcoin has broken this line, one must be attentive to the market and wait for solid confirmations. The confirmations to look for are the retest of the broken zone, RSI analysis, increase or decrease in volume. The graphic image below gives you an overview of my analysis. Also, be careful of false breakouts. Trade cautiously.