Hi all!
Daily thoughts on the market from the CryptoPrime team 02/08/23
#BTC
Yesterday closed above the January ROS zone. I expect a retest of the upper boundary of $23,100 and continued growth to the nearest maximum and sloping upward resistance of $24,200. The global goal is $25K, and then you need to look at the reaction of sellers. They can draw a long wick up to $25,500, and then go for a correction if there is no consolidation above the $25K level.
#ETH
As expected, with an impulse, following the cue ball, they broke through the downward resistance of the flag and the upper limit of the range at $1660 and are trying to gain a foothold above this level. If the 1st week is successfully closed above this level, reaching $1800 will not be difficult.
