Don't panic over this correction.
Bitcoin already had a massive run, so a pullback like this is completely normal. The first support to watch is $81K–$82K.
The bigger trend is still positive as long as BTC holds the Weekly MA 50 near $78K. But if $83K is lost, this bounce starts looking more like a bull trap, with $75K as the next major support.
For ETH, the support zone sits around $2,550–$2,350.
Leverage traders need to be careful here. But if you’re a spot trader with a 2-year view, corrections like this can be good opportunities to buy at better prices.
$BTC $ETH
Bitcoin already had a massive run, so a pullback like this is completely normal. The first support to watch is $81K–$82K.
The bigger trend is still positive as long as BTC holds the Weekly MA 50 near $78K. But if $83K is lost, this bounce starts looking more like a bull trap, with $75K as the next major support.
For ETH, the support zone sits around $2,550–$2,350.
Leverage traders need to be careful here. But if you’re a spot trader with a 2-year view, corrections like this can be good opportunities to buy at better prices.
$BTC $ETH
