BTC & ETH: The "Death Cross" Consolidation – Decision Point Imminent 📉🤔
Both Bitcoin and Ethereum are currently in a precarious position, having confirmed a "Death Cross" on the daily charts. The market is now consolidating at critical support levels, with bulls and bears in a standoff.
• $BTC Analysis: Bitcoin is holding the $88,000 support, but the technicals remain bearish. A clean break below this level could trigger a quick slide towards $80,000. To invalidate this setup, bulls must reclaim the $92,000 resistance.
• $ETH Analysis: Ethereum is also testing its major support at $2,800. It is showing relative weakness and is more susceptible to a breakdown if BTC drops. A failure to hold here could see ETH revisit $2,400.
• Short-Term Prediction: Neutral-Bearish. Expect further consolidation or a potential "fake-out" dip before any significant recovery. The next major move will likely be dictated by institutional flows when the new week begins.
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