
$BTC The market is currently at a critical junction. After the recent volatility, we are seeing a "tug-of-war" between long-term institutional buyers and short-term profit-takers. Here is your technical roadmap for the top assets:
1. Bitcoin (BTC) – The $88k Battleground 🟠
Current State: Bearish bias on the hourly charts.
Chart Analysis: BTC is currently hovering near its recent lows. The Hourly MACD is losing bearish pace, but we are still trading under the 50-day Moving Average ($94,180).
Key Levels:
Support: $88,000 (Major) | $87,200 (Critical). A break below $87k could trigger a slide to $85,500.
Resistance: $91,350 | $93,000. We need a daily close above $91,350 to flip the short-term sentiment back to bullish.
Verdict: Neutral-Bearish until $91.3k is reclaimed.
2. $ETH Ethereum (ETH) – Testing the Pivot 🔹
Current State: Consolidating after a sharp rebound.
Chart Analysis: ETH is struggling with the $3,020 resistance. The RSI is sitting just above 50, suggesting a slight bullish lean, but volume is thinning.
Key Levels:
Support: $2,840 | $2,720.
Resistance: $3,020 | $3,150. Analysts suggest that clearing $3.1k is essential for a run toward the $3,300 "liquidity zone."
Verdict: Wait for Breakout above $3,020.
3. $SOL Solana #SOL (SOL) – Sideways Chop 🟣
Current State: Balanced, showing higher resilience than the rest of the market.
Chart Analysis: SOL is boxed in a wide range between $120 and $150. The 4H RSI is flat, which is a classic signal of a "reset" before a big move.
Key Levels:
Support: $120–$123 (The "Line in the Sand").
Resistance: $129 (Immediate) | $140–$150 (Major Pivot).
Verdict: Bullish Continuation if it holds above $121.
🛡️ Trading Strategy of the Day
The Fear & Greed Index is at 44 (Fear). Historically, this is where "Smart Money" begins to accumulate, while retail panic-sells.
For Scalpers: Watch the $91.3k level on BTC for a quick long entry.
For Swing Traders: Maintain light positions. The real trend confirmation comes once BTC breaks and holds $94k.
What are your charts telling you? Are you seeing a double bottom or a fake-out? Let’s discuss below! 👇
#BinanceSquare #TechnicalAnalysis #BTC #ETH #SOL #CryptoTrading