BITCOIN, BNB AND ETHEREUM: WHAT ARE THE NEXT POSSIBLE DOWNSIDE TARGETS?
The cryptocurrency market remains under pressure, and reading the charts calls for extra attention. After prolonged downward moves, it is important to watch where sellers may find new targets and which areas could attract liquidity.
Our technical analysis identifies possible areas to watch for the three major assets followed by the market.
BITCOIN (BTC)
Bitcoin has two possible downside extension targets:
• First target: $58,752
• Second target: $48,972
These areas represent possible price targets if the negative trend continues to prevail.
BNB
For BNB, the levels to watch are:
• First target: $549.24
• Second target: $485.74
Continued selling pressure could lead the asset to test these areas.
ETHEREUM (ETH)
Ethereum also has possible lower areas of interest:
• First target: $1,585.34
• Second target: $1,099.69
Bitcoin's performance will be an important factor in tracking the dynamics of the rest of the crypto market.
But keep in mind: these levels are technical projections, not guarantees that prices will reach them. Changes in liquidity, institutional flows, and buyer behavior could completely alter the outlook.
At Varejo Investidor, we don't believe we have to commit to either a rise or a fall. We work with scenarios, probabilities, and risk management.
The market doesn't have to rise to offer opportunities. Knowing how to identify downward moves is also part of the strategy.
Those who follow only the price see the movement. Those who study the structure try to understand what may come next.
#Bitcoin #VarejoInvestidor
$BTC
$BNB
$ETH
The cryptocurrency market remains under pressure, and reading the charts calls for extra attention. After prolonged downward moves, it is important to watch where sellers may find new targets and which areas could attract liquidity.
Our technical analysis identifies possible areas to watch for the three major assets followed by the market.
BITCOIN (BTC)
Bitcoin has two possible downside extension targets:
• First target: $58,752
• Second target: $48,972
These areas represent possible price targets if the negative trend continues to prevail.
BNB
For BNB, the levels to watch are:
• First target: $549.24
• Second target: $485.74
Continued selling pressure could lead the asset to test these areas.
ETHEREUM (ETH)
Ethereum also has possible lower areas of interest:
• First target: $1,585.34
• Second target: $1,099.69
Bitcoin's performance will be an important factor in tracking the dynamics of the rest of the crypto market.
But keep in mind: these levels are technical projections, not guarantees that prices will reach them. Changes in liquidity, institutional flows, and buyer behavior could completely alter the outlook.
At Varejo Investidor, we don't believe we have to commit to either a rise or a fall. We work with scenarios, probabilities, and risk management.
The market doesn't have to rise to offer opportunities. Knowing how to identify downward moves is also part of the strategy.
Those who follow only the price see the movement. Those who study the structure try to understand what may come next.
#Bitcoin #VarejoInvestidor
$BTC
$BNB
$ETH