We have seen a noticeable fluctuation in the price of Bitcoin ($BTC ), currently trading around $68,500. The market is awaiting the closing of futures today, which may determine the next direction.
Key points to monitor:
Support: The level of $67,300 is still holding strong as a line of defense.
Resistance: We need a daily close above $71,000 to regain upward momentum and target the $75,000 level.
Altcoins: We notice a stable performance of the $BNB which is trading at around $628, while $ETH is trying to return above the $2,100 level.
Advice for traders: 💡
Avoid high leverage during volatile times, and watch the "Stablecoin Supply" which has reached record levels, indicating there is buying power waiting for the right moment to enter.
What is your market direction expectation for the weekend? Are you Bullish 🐂 or Bearish 🐻?
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