The macro landscape has shifted a bit today, let me break down my thoughts.
Recently, I've been eyeing the price action of ETH, especially since it broke through the $1700 resistance, peaking at $1779.90.
This indicates a growing bullish sentiment towards Ethereum, which I believe is tied to the movement of the DXY, currently at 102.43, below previous highs.
BTC is also steadily climbing, currently priced at $64667.34 with a 24-hour gain of 1.06%, suggesting that demand for risk assets remains strong.
Based on these observations, I'm currently holding a bullish position, particularly on ETH and BTC, expecting their prices to continue rising.
At the same time, I'm keeping an eye on SOL's price action, currently at $73.45 with a 24-hour drop of 0.73%. If SOL can break through the $75 resistance, it could present new trading opportunities.
Market liquidity and risk appetite are still key factors influencing price movements, and I will continue to monitor the Fed's interest rate decisions and changes in inflation data (CPI).
Macroeconomic factors are always complex and hard to predict, but based on the current market data, I believe the prices of Ethereum and Bitcoin will keep climbing.
#ETH #BTC #DXY #macros 📈💰