📈 Analysis and Prediction (BTC and SHIB):

🤧 #BTC/USDT - Technical analysis of the weekly timeframe shows that #Bitcoin has been rising within an ascending parallel channel since the beginning of 2023. In November, the asset broke out of it, reaching a peak of $48,969 in January 2024 following approval from the U.S. Securities and Exchange Commission (SEC). Since then, BTC's price has fallen, forming a bearish candle. This week, it is moving within the channel boundaries and approaching its middle line, coinciding with the Fibonacci support level. Crypto traders and analysts are holding a bearish view on the future trend. Forecast: Daily timeframe technical analysis aligns with the weekly. The chart reveals that #BTC has dropped below the horizontal support area of $41,000, which held for 48 days. After the breakthrough, the asset has not demonstrated a significant rebound and continues to trade below this area. The daily RSI also indicates a bearish trend, dropping below the 50 mark for the first time since October 16, 2023. If the decline continues, Bitcoin may fall by 5% to the Fibonacci 0.5 level at $36,900 or by 12% to the Fibonacci 0.618 level at $34,000.

🐕 #SHIB/USDT - Technical analysis of the weekly timeframe reveals that in November, #SHIB broke above the descending resistance line that had lasted almost 500 days. The growth led to a peak of $0.000012, but after that, the price started to decline, and all subsequent attempts to overcome resistance were unsuccessful. Forecast: Daily timeframe technical analysis aligns with the weekly, showing that Shiba Inu has been trading within an ascending parallel channel since June 2023. The upward movement led to a peak of $0.0000120 in December. After brief trading above the $0.0000092 area, SHIB fell below it. If the decline continues, the asset's price may drop by 12% to the channel support line at $0.00000800. The daily RSI supports this scenario, as the indicator dropped below 50 and continues to fall.

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