After a rapid pullback, the broader market has entered a choppy bottoming phase. ETH has fallen and fluctuated significantly more than BTC, a typical market where BTC sets the pace and altcoins show greater volatility.
▫️BTC
Current price range: 75300–75800
✅ Support: 75000 (key short-term level), 73600 (strong support)
⛔ Resistance: 77800, 78500
Outlook:
Price has remained below 78500, with bears in control in the short term.
If support at 75000 holds and a reversal candlestick appears, a rebound may be in the cards;
If price breaks below 7500 decisively and fails to recover, bearish momentum could build, with 73600 in sight.
▫️ETH
Current price range: 2210–2230
✅ Support: 2200, 2170
⛔ Resistance: 2280, 2320
Outlook:
ETH's pullback in this cycle has been stronger, and its price action is weaker.
2200 is the most important level right now. Holding above it could create an opportunity to rebound to 2280;
A break below 2170 would open up more downside.
💡 Summary:
This isn't a one-way market right now; it's a range-bound period to watch. The margin for error when buying the dip is very small, so blindly entering the market isn't advisable.
When trading with leverage, prioritize position sizing and set stop-losses rigorously. Don't try to ride out losses with an oversized position.
I'll continue to monitor whether support and resistance levels break, and share updates as soon as anything changes.
Are you waiting for a dip-buying opportunity, or are you still bearish? Let's talk.