Quick Market Analysis: What to Watch Today on Bitcoin and Ethereum
Hello everyone! The market is showing interesting signals and I wanted to share a couple of key points on BTC and ETH.
$BTC (Bitcoin):
After the recent consolidation, Bitcoin is at a crucial point. Support levels around $117000 seem to hold, but resistance at $120000 is strong. The RSI (Relative Strength Index) is in a neutral zone, which could indicate a volatility spike in the short term. Be cautious of possible sudden moves.
$ETH (Ethereum):
Ethereum continues to show resilience, especially with the excitement surrounding ETFs. Currently, the price is holding above the support of $4400, with key resistance at $4800. Institutional interest is on the rise, and this could be a strong catalyst for further growth.
In summary:
The market is a bit wobbly. My strategy for today is to closely observe the mentioned support and resistance levels. These are not financial advice, just my perspective.
What do you think? Are you more optimistic about BTC or ETH for the rest of the week? Let me know in the comments!
