$BTC is taking a hit, and now the real test begins. After the selling pressure, Bitcoin is approaching an important support zone where buyers have a chance to step back in.
The level Iโm watching closely is $63,837. If BTC can hold above it and buyers start stepping in, this sell-off could turn into a recovery move toward $65,474 and potentially $66,000.
๐Entry: $63,837 โ $63,850
๐ฏTP1: $65,474
๐ฏTP2: $66,000
๐SL: $63,837
โ๏ธRisk:Reward: 1:2
For now, Iโm watching the reaction at support rath...
Whatโs Happening On $GUA?
The interesting part is $GUA Open Interest.
After staying low for a while, OI has started rising again and is now around $9M+. At the same time, volume is also picking up, with some strong volume spikes recently.
The funding rate is slightly positive, showing that traders are leaning more toward longs.
Right now, longs are also clearly dominant. Around 64% of Binance accounts are long, while top traders are around 65% long.
This means the long side is getting crow...
$ETH Sharp Decline โ Bears Take Control
Ethereum has faced strong selling pressure, dropping sharply from the $1,920+ zone toward $1,870.
The breakdown below the $1,895 area confirms short-term bearish momentum.
Key levels to watch:
Support: $1,868 โ $1,865
If $ETH loses $1,865 with strong volume, further downside could follow.
Resistance: $1,895 โ $1,910
A reclaim above $1,910 could bring buyers back and weaken the bearish setup.
Sharp decline. Strong selling pressure.
Stay alert and m...