🌍 General overview
The crypto market starts the day with a bearish tone after a session filled with volatility.
The main cryptocurrencies retreat after inflation and employment data in the U.S. reinforced expectations that the Federal Reserve will keep rates high for longer.
Global liquidity is tightening and risk assets — including Bitcoin — are feeling the pressure again.
🔹 Bitcoin ($BTC) drops to US$ 108 000 (-3.9 %)
🔹 Ethereum ($ETH) retreats to US$ 3 790 (-4.8 %)
🔹 Altcoins like $ADA and $XRP are extending losses, reflecting lower institutional appetite.
The overall sentiment remains neutral-bearish, with the Fear & Greed index dropping to 43 pts.
₿ Bitcoin ($BTC )
Bitcoin is testing its short-term support around US$ 108,000, an area that coincides with the 100-day moving average and the base of the ascending channel formed since July.
Supports:
US$ 108,000 → immediate defense level.
US$ 106,000 → strongest support, base of the current structure.
Resistances:
US$ 113,000 → first technical obstacle.
US$ 115,000-118,000 → relevant intraday ceiling.
📈 A confirmed break below 106k could take it to the US$ 100,000-102,000 zone, while a bounce above 108k would keep the recovery scenario alive towards 115k.
In the current context, the derivatives flow shows a decrease in leverage and reduced volumes, typical of indecision phases before a strong directional move.
Ξ Ethereum ($ETH )
ETH momentarily loses US$ 3,800, supported by the daily EMA 100 (~US$ 3,750).
Despite the setback, it maintains a stronger structure than BTC in terms of technical support.
Supports:
US$ 3,750 → critical short-term base.
US$ 3,600 → major support if the correction deepens.
Resistances:
US$ 4,100 → key level to confirm a bounce.
US$ 4,300-4,400 → next area of interest if the market recovers a bullish tone.
💡 As long as ETH does not lose the 3,750 USD zone, the market could interpret this drop as a profit-taking rather than a structural change.
🔎 General perspective
The higher-than-expected inflation data keeps the 'higher for longer' narrative in rates.
The dollar strengthened and bonds rose, causing a technical adjustment across the crypto ecosystem.
For now, buyers are defending the supports, but the risk of a breakout remains latent until the market sees clear signs of monetary easing.
✅ Conclusion
Bitcoin and Ethereum go through a decisive moment:
BTC struggles to maintain the 106-108k range, with immediate resistance at 115k.
ETH clings to 3,750 USD, looking to bounce towards 4,100 USD.
The rest of the market follows the trend: less liquidity, more caution, and technical focus.
