ARE WE YET TO REACH THE BOTTOM?
Bitcoin is trading around $68,053, while Ethereum sits at $1,910. Both have broken below their MA7, MA25 and MA99 on the 4H timeframe, confirming strong bearish momentum.
$BTC ‘s immediate support is $67,449, while $ETH is holding around $1,893. If these levels fail, we could see another leg down before the market finds a bottom.
MY TAKE: We are getting closer to a potential bottom, but I wouldn't rule out further downside. The next reaction around these support zones will be crucial. A relief rally is possible, but we need stronger confirmation before calling a reversal.
Bitcoin is trading around $68,053, while Ethereum sits at $1,910. Both have broken below their MA7, MA25 and MA99 on the 4H timeframe, confirming strong bearish momentum.
$BTC ‘s immediate support is $67,449, while $ETH is holding around $1,893. If these levels fail, we could see another leg down before the market finds a bottom.
MY TAKE: We are getting closer to a potential bottom, but I wouldn't rule out further downside. The next reaction around these support zones will be crucial. A relief rally is possible, but we need stronger confirmation before calling a reversal.
