Market Update: Titan Clash $BTC and $ETH .. Where is the next direction? ⚖️📈
While Bitcoin tries to maintain its gains above historical levels, Ethereum faces selling pressures that put it at critical support areas. Here is a summary of the technical analysis for the two most important cryptocurrencies in the market:
1. Bitcoin $BTC: Stability Above Support 🟠
Current Situation: The king is trading around 87,445 USDT.
Technical Outlook: The price is still moving above the middle line of the Bollinger Bands (86,984), which signals continued positivity as long as we hold this level.
Target: Break the recent peak at 90,363 to open the way towards new record levels.
2. Ethereum $ETH: A Bounce Opportunity? 🔵
Current Situation: The runner-up is trading at 2,876 USDT with a decrease of 2.20%.
Most Important Signal: The Relative Strength Index (RSI) has reached 27.65, which is a strong "oversold" area that typically precedes price bounce waves.
Support: The level of 2,853 has proven its strength as a barrier for buyers so far.
Conclusion:
The market is going through a phase of trust re-testing. Liquidity at $BTC is very large (15.43B USDT), while ETH seems attractive to buy from a technical perspective due to overselling.
Discussion Question:
If you had $1000 right now, would you put it into strengthening your position in Bitcoin or take advantage of Ethereum's drop? Let us know your decision in the comments! 👇
