Something in the news just caught my attention.
Everyone's talking about BTC hitting $61057.99 and how it's a sign of a bull run, with some even predicting it'll break $65000 soon.
I've been looking at the numbers and I think people are missing the fact that ETH has been steadily increasing, currently at $1639.55, and its support ecosystem is undergoing a significant evolution with the debut of EthLabs.
The investment bank's note about bitcoin's cycle pointing to a market bottom in the coming months is also being ignored, and instead, people are focusing on the short-term gains, with coins like SOL reaching $78.72 and ADA reaching $0.1563.
I'm taking a cautious stance here, considering the launch of new stablecoin consortiums and their potential impact on USDC's growth, and with the Fed chair signaling artificial intelligence could reshape the economy, I think we should be prepared for a potential downturn, with a stop-loss at $58326 for BTC and a take-profit at $65000, and for ETH, a stop-loss at $1565 and a take-profit at $1800.
I'm watching the market closely, especially with BNB at $556.90 and XRP at $1.0680, and I think it's time to reconsider our positions, with a potential entry zone for ETH at $1600 and for BTC at $60000.
#cryptotrading #ethereum #bitcoin #stablecoins 🚀💸
Everyone's talking about BTC hitting $61057.99 and how it's a sign of a bull run, with some even predicting it'll break $65000 soon.
I've been looking at the numbers and I think people are missing the fact that ETH has been steadily increasing, currently at $1639.55, and its support ecosystem is undergoing a significant evolution with the debut of EthLabs.
The investment bank's note about bitcoin's cycle pointing to a market bottom in the coming months is also being ignored, and instead, people are focusing on the short-term gains, with coins like SOL reaching $78.72 and ADA reaching $0.1563.
I'm taking a cautious stance here, considering the launch of new stablecoin consortiums and their potential impact on USDC's growth, and with the Fed chair signaling artificial intelligence could reshape the economy, I think we should be prepared for a potential downturn, with a stop-loss at $58326 for BTC and a take-profit at $65000, and for ETH, a stop-loss at $1565 and a take-profit at $1800.
I'm watching the market closely, especially with BNB at $556.90 and XRP at $1.0680, and I think it's time to reconsider our positions, with a potential entry zone for ETH at $1600 and for BTC at $60000.
#cryptotrading #ethereum #bitcoin #stablecoins 🚀💸