The macro picture shifted a bit today. Let me break it down.
If BTC breaks below $65351, I'd be looking to short with a stop-loss around $66384, targeting $62000, given the current bearish sentiment and geopolitical risks.
This scenario is more likely, considering the recent decline in crypto prices due to rising rates and regulatory setbacks, with prices like ETH at $1915 and BNB at $569.
If, however, the market structure bill gets stronger safeguards and is passed, it could lead to a bull run, with XRP potentially reaching $1.20, given the recent whale accumulation, and SOL could reach $85, considering its current price of $77.
I'm leaning bearish for now, with BTC at $65442 and a 24h change of -0.61%, and the fact that key Democrats are demanding stronger safeguards, making the bull scenario less likely.
Overall, it's a cautious time for crypto, with prices like ADA at $0.1731 and LINK at $8.5330, so be careful with your trades, and keep an eye on the market data, especially for BTC and ETH, which are currently at $65442 and $1915 respectively.
#cryptomarket #binance #bitcoin #ethereum #trading
If BTC breaks below $65351, I'd be looking to short with a stop-loss around $66384, targeting $62000, given the current bearish sentiment and geopolitical risks.
This scenario is more likely, considering the recent decline in crypto prices due to rising rates and regulatory setbacks, with prices like ETH at $1915 and BNB at $569.
If, however, the market structure bill gets stronger safeguards and is passed, it could lead to a bull run, with XRP potentially reaching $1.20, given the recent whale accumulation, and SOL could reach $85, considering its current price of $77.
I'm leaning bearish for now, with BTC at $65442 and a 24h change of -0.61%, and the fact that key Democrats are demanding stronger safeguards, making the bull scenario less likely.
Overall, it's a cautious time for crypto, with prices like ADA at $0.1731 and LINK at $8.5330, so be careful with your trades, and keep an eye on the market data, especially for BTC and ETH, which are currently at $65442 and $1915 respectively.
#cryptomarket #binance #bitcoin #ethereum #trading