Hello friends, welcome to Hunter.
In this post, we’ll talk about the latest updates on #Bitcoin and #Ethereum. Right now, due to low volume in the overall market, most coins and tokens are experiencing a downtrend and correction. If you’re looking to make a fresh entry, this could be a good dip-buying opportunity.
Now, if you enter during this correction or downtrend, what will your short-term and long-term targets be? What kind of market movement can we expect? We’ll cover all of that in this video.
Before we begin:
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Market Overview:
Most tokens including #BTC and #ETH are showing corrections. This trend may continue until we see strong volume come back into the market. Until then, it’s a good opportunity to accumulate.
Current Prices:
#BTC: Around $83,500 (1.9% downtrend)
#ETH: Around $1,578 (3.2% downtrend)
Other altcoins like XRP, BNB, SOL, TRX, DOGE, ADA, and more are also in correction.
Technical Analysis Summary (TradingView):
On 4H timeframe, BTC is trading in a channel:
Support: $83k–$84k
Resistance: $90k–$92k
First entry: near current support
Second entry (DCA): if price drops to $70k–$72k
Wait for a bounce at 200 EMA for possible recovery
No future trades unless clear confirmation
Daily & Weekly Outlook:
Daily: Trend reversal confirmed with higher highs and higher lows
Fresh buying range: $82k–$83k
DCA range: $70k–$72k
Weekly: Uptrend remains valid unless BTC breaks below $70k
Major breakout target: $90k–$92k, then heading toward $170k–$180k