Support levels around the current zone are being tested. failure to hold could mean more downside in the short run.
Trading volume shows more activity on down candles than up, which is bearish pressure. Bulls need to reclaim and hold above the near resistance zone (near the recent sideways range) to stabilize. If $BTC decisively breaks below current support, short-term traders may expect a deeper corrective leg. On the flip side, rebounds from strong support levels can trigger short squeezes and bounce attempts. Overall sentiment remains cautious — price action looks corrective, not trending strongly up right now.
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Yesterday, $ETH Ethereum showed a range-bound price move with highs near ~$29,060+ and lows around ~$2,720–$2,830 on Binance ETH/USDT. Price struggled to hold above the upper range and pulled back into the lower side of the range by the end of the session.
🔎 Key Levels • Resistance: ~$3,040 area — sellers stepped in. • Support: ~$2,580–$2,630 — buyers defending below.
Market Tone: Neutral to slightly bearish short-term as ETH failed to break the recent highs and closed nearer to day’s low. Stay above support for chance of bounce; break could lead to deeper pullback. also check out yesterday's analyses in the picture below. $ETH
Immediate support sits near $85,000 – $86,000, with resistance at the $90,000 – $93,500 zone.
Failing to hold support could push price toward $80K, while reclaiming higher trend lines is needed to flip sentiment bullish.
📌 Market Sentiment Short-term sentiment is cautious to bearish, partly due to macro headwinds (rate decisions, weak momentum). Investing.com +1 Some traders note that a lack of breakout above $100K is reducing bullish confidence.
📈 Bullish Factors to Watch If BTC can reclaim resistance above $91K and sustain it, the next targets could be in the mid-$90Ks range or higher. Long-term accumulation signals from larger holders could support upside if weak hands capitulate. $BTC market today is in a near-term consolidation with bearish pressure, trading below key levels around $90K. Support around $85K is crucial — a break lower could mean further downside, while reclaiming higher resistance would improve sentiment. #USIranStandoff #ZAMAPreTGESale #GoldOnTheRise #TSLALinkedPerpsOnBinance #StrategyBTCPurchase