$BTC $ETH BTC has made a strong breakout above 83,500, but you still haven’t understood the current trend. I’ve said countless times that you could enter a long position in BTC anytime while it was in the 81,000–82,000 range. Regretting it now?
Recently, BlackRock’s new ETF activity and modestly positive fund flows have helped push the market up in the short term. On the chart, 84,000 is a relatively strong resistance level. If you’re a cautious trader, you can take profits on your long position for now and wait for a pullback to the 81,000–82,000 range before going long again.
BTC ETF flows are currently positive, while ETH ETF flows are negative. This means institutions are accumulating large amounts of BTC, while ETH is being sold off. 2,500 is a very strong resistance level. You can enter a short position on ETH at the current price, targeting 2,400.
#BTC #ETH
Recently, BlackRock’s new ETF activity and modestly positive fund flows have helped push the market up in the short term. On the chart, 84,000 is a relatively strong resistance level. If you’re a cautious trader, you can take profits on your long position for now and wait for a pullback to the 81,000–82,000 range before going long again.
BTC ETF flows are currently positive, while ETH ETF flows are negative. This means institutions are accumulating large amounts of BTC, while ETH is being sold off. 2,500 is a very strong resistance level. You can enter a short position on ETH at the current price, targeting 2,400.
#BTC #ETH