$ETH dropped 18% in a week. $BTC dropped 10%. Same flush, very different damage.
$BTC
73,780
• Swept 72,690 yesterday and bounced. That low is the line.
• Stuck under the 4H EMA20 (74,580) and the daily EMA200 (74,700).
• Back above 74.7k → room toward 75.5k. Lose 72.7k → longs off.
ETH 2,060
• Tagged 2,003 and bounced. Buyers defended 2,000.
• 2,117 is the first level to reclaim. Still far under the daily EMA200 (2,239).
• 3.2 accounts long for every 1 short. That is a crowded long side.
Funding near flat on both. Open interest up ~2% today while price fell, so new positions are coming in on the way down.
My read: BTC is holding better. If the market bounces, ETH needs to win back 2,117 before I trust it. Until then, no longs on ETH.
Which one are you watching today, BTC or ETH? 👇
Follow for the daily market check.
⚠️ Personal market insight, not investment advice. DYOR.
$BTC
73,780
• Swept 72,690 yesterday and bounced. That low is the line.
• Stuck under the 4H EMA20 (74,580) and the daily EMA200 (74,700).
• Back above 74.7k → room toward 75.5k. Lose 72.7k → longs off.
ETH 2,060
• Tagged 2,003 and bounced. Buyers defended 2,000.
• 2,117 is the first level to reclaim. Still far under the daily EMA200 (2,239).
• 3.2 accounts long for every 1 short. That is a crowded long side.
Funding near flat on both. Open interest up ~2% today while price fell, so new positions are coming in on the way down.
My read: BTC is holding better. If the market bounces, ETH needs to win back 2,117 before I trust it. Until then, no longs on ETH.
Which one are you watching today, BTC or ETH? 👇
Follow for the daily market check.
⚠️ Personal market insight, not investment advice. DYOR.
