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# Bullish
**#BITCOIN UPDATE**
The bearish scenario unfolds as anticipated
Experiencing nearly a 10% drop post-channel breakdown. Advising caution to navigate this downturn.
Current support hovers around the $41.5k-$42.5k range. Stabilization here could trigger a potential rebound.
#BTC #BTCUpdate
**#BITCOIN UPDATE**
The bearish scenario unfolds as anticipated
Experiencing nearly a 10% drop post-channel breakdown. Advising caution to navigate this downturn.
Current support hovers around the $41.5k-$42.5k range. Stabilization here could trigger a potential rebound.
#BTC #BTCUpdate
Looking at the $ETH situation
After breaking the psychological level at $2000, $ETH showed strong buying dynamics within the range of interest between $2000 and $2130, which I outlined in previous reviews.
What's next for $ETH
As the weekend approaches, market volumes have started to decrease, and the price of $ETH couldn't sustain itself above $2000. While the current situation might allow sellers to test $1900, on higher timeframes, we observe a clear bullish structure.
It's important to understand that a correction in an uptrend is a sign of a healthy market. A balanced market never goes parabolic; instead, it sustains price growth through fundamental factors.
As before, in the medium-term perspective, I anticipate a period of accumulation in the $ETH market, followed by the renewal of local highs. #ETH #BTC #WhaleAlert
After breaking the psychological level at $2000, $ETH showed strong buying dynamics within the range of interest between $2000 and $2130, which I outlined in previous reviews.
What's next for $ETH
As the weekend approaches, market volumes have started to decrease, and the price of $ETH couldn't sustain itself above $2000. While the current situation might allow sellers to test $1900, on higher timeframes, we observe a clear bullish structure.
It's important to understand that a correction in an uptrend is a sign of a healthy market. A balanced market never goes parabolic; instead, it sustains price growth through fundamental factors.
As before, in the medium-term perspective, I anticipate a period of accumulation in the $ETH market, followed by the renewal of local highs. #ETH #BTC #WhaleAlert
#MyFirstFeedPost Hello, Binance Square! Now i will also gave about market condition, so stay tuned.
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