📊 Bitcoin & Ethereum Market Update
Bitcoin (BTC) is currently consolidating around the $80,000 level after a steady move upward. The minor diagonal support zone near $78,888, highlighted earlier, has already been tested once—triggering a bounce toward $80,700. This confirms it as a key short-term support level.
As long as $BTC holds above $78,888, the market structure remains stable. However, a confirmed breakdown below this level could lead to a deeper pullback.
🔎 Key Levels to Watch (BTC):
Support: $78,888
Scalp Entry Zone: Around $76,888
Resistance: $80,000 (psychological level)
Strong Resistance: $81,888
Major Resistance: $85,000 (less likely in the short term)
📉 Ethereum (ETH) Overview
Ethereum (ETH) has been repeatedly testing the $2,388 level but failing to hold above it, indicating short-term weakness compared to BTC.
A short position taken earlier around $2,318 played out well, with price moving up to approximately $2,376 before showing signs of rejection.
At the moment, $ETH appears slightly weaker than BTC, and traders should remain cautious until stronger confirmation of direction appears.
⚠️ Summary:
BTC remains stable above key support but needs to break resistance for continuation.
ETH is showing relative weakness and struggling to maintain higher levels.
Watch support and resistance zones closely for short-term trading opportunities.
