The digital currency market saw a decline of 3.16%, bringing the total market value to $2.67 trillion, affected by expected interest-rate decisions and anticipation of regulatory policies.
1. Bitcoin (Bitcoin - $BTC)
• Current price: ~$75,847
• Trading range: Faces strong resistances at $78,000 - $80,000 after failing to break the previous high.
• Technical analysis: Testing key support areas between $75,000 and $75,500. A daily close below $75,000 may open the door to revisiting deeper levels, while holding above it brings the focus back to the 78k barrier.
• Strategy: short daily trading (Scalping) within the support and resistance range, with a stop-loss enabled.
2. Ethereum (Ethereum - $ETH)
• Current price: ~$2,450 - $2,500
• Trading range: the current resistance zone lies at $2,500 - $2,525.
• Technical analysis: Ethereum maintains relative stability above the support zone of $2,400 - $2,425. The technical strength versus Bitcoin makes any breakout from the $2,525 zone a chance for a quick upside move.
• Strategy: Buy near the $2,420 support levels, targeting $2,520.
3. Binance Coin (BNB - $BNB)
• Current price: strong levels above $750.
• Trading range: support at $720, and resistance at $780.
• Technical analysis: The coin shows flexibility and strength compared to other Altcoins due to the ongoing burn of coins and the continued Launchpool projects attracting liquidity.
• Strategy: suitable for safer trading and short-term investment (Swing Trading) due to the low rate of sharp volatility.
4. Solana (Solana - $SOL)
• Current price: ~$100
• Trading range: a support zone at $95 and resistance at $108.
• Technical analysis: Solana is experiencing high operational momentum thanks to trading of tokenized stocks (Stock Tokens) on the network and increased ETF fund inflows, making its volatility high and creating quick opportunities for speculation.
• Strategy: trend trading with a breakout when $102 is breached.
5. Hyperactivity / Hyperliquid (Hyperliquid - $HYPE)
• Current price: a range in the eighties ($80 - $85).
• Trading range: a recent all-time high near $88, and local support at $78.
• Technical analysis: Considered one of the best-performing and profit-making coins in the Decentralized Finance (DeFi) sector, thanks to the protocol’s high revenues and increased trading volumes on it.
• Strategy: fast trading and daily scalping on pullbacks.
#FedRateWatch #BitcoinETFsShed$450M #BitcoinFalls4%
