Good afternoon, crypto dolphins swimming in the depths of the market.
Right now, the market can be summed up in four words: heart racing. Due to the stalemate in the Strait of Hormuz and the fluctuating macro inflation data, we’ve entered an extremely sensitive defensive period.
For those holding BTC above the 80k mark, it might be time to take a breather. The current candlestick action is hovering around 76,700.
Resistance level: The first hurdle is at 78,962 (50% Fibonacci retracement level), where a lot of trapped positions are stacked up. If we can't reclaim 81,700, this rebound may just be a “dead cat bounce.”
Support level: 76,700 is the current psychological line. If it breaks down, we’ll have to face the 74,500 range below.
ETH: Jumping around on the icy surface of 2,100.
The performance of our second coin has been consistently “sluggish.” Currently, it’s affected by low on-chain activity, leading to weak momentum.
Key level: We must reclaim 2,150 to have a chance to breathe.
Ultimate defense: 2,065. If this level cracks, everyone should be prepared to scoop up some chips around the psychological barrier of 2,000.
⚠️ Just a reminder:
Risk aversion is rising: Don’t forget, the current logic is “when gold rises, BTC falls.” With geopolitical instability, risk-off funds are leaning more towards traditional safe-haven assets.
Shrinking trading volume: The current consolidation is characterized by “low volume bearish declines,” which can easily wear down patience. Avoid frequently flipping positions in the middle of the range; be cautious of fees eating into your capital.
Macro variables: Keep an eye on news flow regarding the US-Iran situation; right now, the market isn’t driven by technical indicators but by news headlines. #ETH $BTC $ETH
Right now, the market can be summed up in four words: heart racing. Due to the stalemate in the Strait of Hormuz and the fluctuating macro inflation data, we’ve entered an extremely sensitive defensive period.
For those holding BTC above the 80k mark, it might be time to take a breather. The current candlestick action is hovering around 76,700.
Resistance level: The first hurdle is at 78,962 (50% Fibonacci retracement level), where a lot of trapped positions are stacked up. If we can't reclaim 81,700, this rebound may just be a “dead cat bounce.”
Support level: 76,700 is the current psychological line. If it breaks down, we’ll have to face the 74,500 range below.
ETH: Jumping around on the icy surface of 2,100.
The performance of our second coin has been consistently “sluggish.” Currently, it’s affected by low on-chain activity, leading to weak momentum.
Key level: We must reclaim 2,150 to have a chance to breathe.
Ultimate defense: 2,065. If this level cracks, everyone should be prepared to scoop up some chips around the psychological barrier of 2,000.
⚠️ Just a reminder:
Risk aversion is rising: Don’t forget, the current logic is “when gold rises, BTC falls.” With geopolitical instability, risk-off funds are leaning more towards traditional safe-haven assets.
Shrinking trading volume: The current consolidation is characterized by “low volume bearish declines,” which can easily wear down patience. Avoid frequently flipping positions in the middle of the range; be cautious of fees eating into your capital.
Macro variables: Keep an eye on news flow regarding the US-Iran situation; right now, the market isn’t driven by technical indicators but by news headlines. #ETH $BTC $ETH
