Deep dives into Altcoin trends, Macro shifts, and On-chain data. I focus on logic over luck and risk management over moonshots. (NOT FINANCIAL ADVISOR)
$ETH is currently trading at $1,957, up a measly 2% while the 30-day chart is still bleeding over -38%. While the 15m chart shows ETH climbing above the EMA(50), this looks more like a classic "Dead Cat Bounce" than a true reversal.
The Reality Check: Despite the slight recovery from the $1,897 low, the overhead resistance at $1,966 and the psychological $2,000 barrier are massive.
Institutional outflows remain high, and macro sentiment is pinned in "Extreme Fear." Without a massive surge in volume, this "recovery" is likely just setting up the next leg down.
Key Levels to Watch: 📉 Danger Zone: If ETH fails to hold $1,945, expect a quick slide back to $1,900.
$BTC is at a critical juncture. After testing a weekly low of $65,118, $BTC has climbed back to $66,892, attempting to reclaim its short-term bullish structure.
Technical Breakdown: On the 15m chart, the price has successfully crossed above the EMA(7) and EMA(50), showing immediate buying interest.
However, a major "Whale" deposit of 8,200 BTC to exchanges today signals potential sell-side pressure. The EMA(100) at $67,543 remains the primary resistance to beat for a trend reversal.
The Outlook: While the 24h momentum is up +1.99%, the long-term trend remains heavy, with a possible dip to $60k if support at $65k fails.
Key Target: Break $67,600 to aim for $68,400. Key Support: Must hold $66,460 (EMA 50).