BTC is trading sideways around 86,000. The 84,000–84,500 range is a crucial dividing line; if price breaks below it, the market could turn weaker. If it retests the 84,500–85,000 range, look for short-term long opportunities.
A large amount of daily-chart supply has built up around 88,000–90,000. Don’t assume this is a breakout just yet—there’s significant resistance in this area, so it may be worth considering short positions.
For now, it’s best to wait and see with altcoins. As long as BTC hasn’t reclaimed its previous high, large investors generally won’t push smaller coins higher.
As for ETH: a retest of the 2,640–2,650 range could offer a long opportunity; if it rebounds to 2,750–2,780, watch for selling pressure.
A large amount of daily-chart supply has built up around 88,000–90,000. Don’t assume this is a breakout just yet—there’s significant resistance in this area, so it may be worth considering short positions.
For now, it’s best to wait and see with altcoins. As long as BTC hasn’t reclaimed its previous high, large investors generally won’t push smaller coins higher.
As for ETH: a retest of the 2,640–2,650 range could offer a long opportunity; if it rebounds to 2,750–2,780, watch for selling pressure.