How Was the Market This Week?
A mixed and tense week overall. BTC approached $80,000 but failed to break through and pulled back. Geopolitical pressure continues, led by the Iran-US tension. The market has yet to pick a clear direction still in decision mode.
$BTC is currently trading around the $77,000 range. The 21-week moving average at $77,670 is the key threshold. A weekly close above this level would be a strong bullish signal. $78,000 and $80,000 are critical resistance zones to watch. The bigger target above is $95,903.
📗Long Entry: $77,000 – $77,500 zone | Target: $80,000 → $83,000
🛑Stop Loss: Weekly close below $75,500
⚠️Warning: If $75,500 breaks, $72,000 area comes into play
$ETH failed to reclaim the $2,400 resistance and is now trading around $2,300. $2,250 stands out as a critical support. The most important level is $2,200 staying above it opens the path to $2,400 and $2,620. ETH looks weaker than BTC right now.
📗Long Entry: $2,250 – $2,280 zone | Target: $2,400 → $2,620
🛑Stop Loss: Close below $2,200
⚠️Warning: Any BTC correction will hit ETH harder
🏦 BitMine purchased 101,901 ETH this week, becoming the largest Ethereum treasury among public companies. Their total holdings surpassed 5 million ETH. Institutional buying on the ETH side continues to grow a positive long-term signal.
💡 The market is waiting for confirmation. Don't rush wait for the levels. Entering without confirmation is risky in this environment. See the level, get the confirmation, then act.