#BTC $BTC
Bitcoin (BTC)
Current Price: ~$115,990, down ~2.13% intraday.
Technical Weakness: Hidden bearish RSI divergence observed, hinting at weakening bullish momentum—often a setup for downward correction.
CME Gap Risk: A gap between $114K–$115K may act as a magnet and attract price fill.
Current Trend: Despite recent dips, longer-term bullish Elliott Wave structure remains intact according to some analysts; however, short-term, a retracement is likely before any continuation.
Support Zones: $114K major gap-fill support; next support zone ~ $107K near 50‑day MA and historical ranges. Resistance lies near the recent all-time high ~ $123K.
BTC Short Strategy:
Entry: Near current levels ~$116K–$116.5K
Profit Targets: $114K, then $110K–$107K
Stop‑Loss: Above $118K–$119K (depending on risk profile)
Ethereum (ETH)
Current Price: ~$3,635, down ~1.4% intraday.
Momentum Picture: While still bullish overall, ETH is showing signs of overbought RSI and price rejection near $3,800 resistance.
Possible Correction: A break below $3,650 could accelerate pullbacks—support zones at $3,550–$3,600, or deeper to $3,500 or $3,300 if breakdown continues.
Risks to Short: On‑chain data suggests a record‑setting short squeeze underway; further upside toward $4,000 could liquidate bearish positions fast.
ETH Short Strategy:
Entry: Around $3,650–$3,670
Profit Targets: $3,550, then $3,500–$3,450
Stop‑Loss: Above $3,700 or moderate buffer ~ $3,720–$3,740