Technical reading of the movement $BTC and $ETH
The cryptocurrency market is experiencing volatility near pivotal levels, with both Bitcoin and Ethereum moving within narrow ranges that may precede a strong movement in the upcoming direction.
BTC
Bitcoin is currently trading near 68K after a brief correction from recent peaks.
Support:
67K
66K
Resistance:
69.5K
71K
A breakout above 69.5K may restore upward momentum and open the way toward 71K – 72K.
Meanwhile, breaking below 67K could push the price to test 65K.
ETH
Ethereum is moving near $2050 with a relative decline in momentum.
Support:
$2000
$1950
Resistance:
$2120
$2200
A breakout above $2120 could push the price to attempt to target $2200, while breaking below $2000 may retest the $1900 areas.
Summary
The market is in a short-term decisive phase, and any clear breakout of support or resistance levels could determine the upcoming direction.
What do you think, friends?