The crypto market is in a "decision zone" this week! After a choppy few days driven by macro tensions—including transatlantic trade talk and fluctuating yields—Bitcoin and Ethereum are at a technical crossroads. Here is everything you need to know to stay ahead of the curve. 🧵
🟠 Bitcoin ($BTC ): The Battle for $90K
Bitcoin has been flirting with the $90,000 psychological level. While it briefly dipped toward $87,000 earlier this week, "Smart Money" has been seen accumulating during the retail sell-off.
Key Resistance: Bulls need a clean daily close above $90,200 (50-day moving average) to reclaim momentum toward $95,000.
Crucial Support: Watch the $86,000 pivot. If this fails, we might see a retest of the $80,500 November support zone.
Volume Check: Institutional demand via Spot ETFs remains the "X-factor," though recent outflows suggest a temporary "wait-and-see" approach.
🔵 Ethereum ($ETH ): Tightening Supply
Ethereum has been oscillating around the $3,000 mark. Despite the sluggish price action, on-chain data shows ETH reserves on exchanges have hit their lowest levels since 2016! 📉
Key Resistance: $ETH is facing heavy selling pressure near $3,120. A break above this could trigger a short squeeze toward $3,300.
Crucial Support: The $2,865 – $2,900 zone is holding for now. A breakdown here could invite a test of the $2,600 liquidity pocket.
The Alpha: Watch for a "supply shock" reaction if macro fears subside, as fewer coins on exchanges mean less spot sell pressure.
🗝️ Key Levels to Watch
Asset Current Range Major Support Major Resistance
BTC $89,000 - $90,500 $86,000 $92,400
ETH $2,950 - $3,050 $2,865
💡 Trader's Note
The current environment is heavily influenced by "breakout traps." Avoid chasing green candles without confirmation on high volume. Keep an eye on the DXY (US Dollar Index) and Treasury yields, as their inverse correlation with crypto remains strong.
What’s your move? Are you buying the dip or waiting for a clearer trend? Let me know in the comments! 👇
#Bitcoin #Ethereum #CryptoMarket #TechnicalAnalysis #BinanceSquare
