📊 Crypto Market Update BTC & ETH
🌐 Macro & CPI
CPI data came in somewhat bearish, but the market immediately pumped afterward.
The CPI data has increased the probability of a rate hike at the upcoming Fed meeting.
₿ Bitcoin (BTC)
A bullish divergence setup previously offered a 3%+ profit opportunity.
A short-term SFP (Swing Failure Pattern) setup may provide another entry opportunity.
If the weekly candle closes bearish, BTC could move toward the 0.382 Fibonacci level.
The $74,500–$73,000 zone could be an important area for a potential swing-long setup.
⟠ Ethereum (ETH)
ETH has gained around 8–10%, but remains within a horizontal range and triangle pattern.
It may be better to wait for a clear breakout confirmation before entering a trade.
⚠️ Overall: Key BTC support/Fibonacci levels and a confirmed ETH breakout could be important for the next major market move.
$BTC #ETH
🌐 Macro & CPI
CPI data came in somewhat bearish, but the market immediately pumped afterward.
The CPI data has increased the probability of a rate hike at the upcoming Fed meeting.
₿ Bitcoin (BTC)
A bullish divergence setup previously offered a 3%+ profit opportunity.
A short-term SFP (Swing Failure Pattern) setup may provide another entry opportunity.
If the weekly candle closes bearish, BTC could move toward the 0.382 Fibonacci level.
The $74,500–$73,000 zone could be an important area for a potential swing-long setup.
⟠ Ethereum (ETH)
ETH has gained around 8–10%, but remains within a horizontal range and triangle pattern.
It may be better to wait for a clear breakout confirmation before entering a trade.
⚠️ Overall: Key BTC support/Fibonacci levels and a confirmed ETH breakout could be important for the next major market move.
$BTC #ETH
