Evening Market Watch | Short-Term BTC and ETH Consolidation
BTC fluctuated around 75,300 this evening, with bulls and bears locked in a fierce battle after the pullback.
Key short-term support is at 75,000, with strong support at 73,600; resistance is in the 77,800–78,500 range.
A sustained move above 77,800 is needed for a meaningful rebound. A break below 75,000 could lead to further downside.
ETH weakened alongside BTC and has been more volatile, currently trading around 2,210.
Short-term support is at 2,200, with strong support at 2,170; resistance is at 2,280–2,320.
The 2,200 level is a key short-term dividing line: holding it could allow for a recovery, while a breakdown could open up more downside.
The market is currently in a choppy bottoming phase, so blindly buying the dip is inadvisable. If using leverage, keep your position small and set a stop-loss.
Do you think support will hold tonight? Let’s discuss in the comments.
#BTC #ETH
BTC fluctuated around 75,300 this evening, with bulls and bears locked in a fierce battle after the pullback.
Key short-term support is at 75,000, with strong support at 73,600; resistance is in the 77,800–78,500 range.
A sustained move above 77,800 is needed for a meaningful rebound. A break below 75,000 could lead to further downside.
ETH weakened alongside BTC and has been more volatile, currently trading around 2,210.
Short-term support is at 2,200, with strong support at 2,170; resistance is at 2,280–2,320.
The 2,200 level is a key short-term dividing line: holding it could allow for a recovery, while a breakdown could open up more downside.
The market is currently in a choppy bottoming phase, so blindly buying the dip is inadvisable. If using leverage, keep your position small and set a stop-loss.
Do you think support will hold tonight? Let’s discuss in the comments.
#BTC #ETH
