Daily Market Snapshot (BTC & ETH) — 1D Focus
Macro / Market mood (quick)
BTC is trading ~mid-$86k and ETH ~mid-$2.8k on major aggregators right now (spot reference).
BTC dominance remains elevated (~52–53%), which typically means altcoins feel the drawdown harder when BTC breaks supports.
On flows: IBIT printed a record one-day outflow ($523.2M) recently, and reported ETF average cost basis clustered around ~$90k—so sub-$90k zones can amplify “sell the rip” behavior.
BTC (1D) — What your chart is saying
Structure: clean downside break from the prior range → acceleration into the $85k area (today’s low ~85.1k on your screenshot).
Trend/MAs: price is below MA7 and MA25 (your MA7 ~90.2k, MA25 ~89.6k) → short-term trend still bearish until reclaimed.
Key levels
Support (must hold): 85.1k–85.0k (current swing low area).
If that breaks: next “magnet” becomes 84k → 80.5k (your visible prior major swing low on the larger 1D window).
Resistance (to flip bias): 88.5k–89.8k first (retest zone + MA25 area), then ~90.2k–90.3k (MA7).
What would look like a “short-term turn”?
A daily close back above ~88.5k–89.0k + follow-through (ideally reclaiming MA25).
Bonus confirmation: subsequent day holds the level (no immediate rejection wick).
Bear continuation signal
Daily close below 85k (especially with expansion in volume) → higher odds of continuation to 84k / 80.5k.
ETH (1D) — What your chart is saying
Structure: sharper dump vs BTC, dropping from ~3.17k highs into ~2.93k and tagging ~2.89k low.
Trend/MAs: also below MA7 (~3.15k) and below/near MA25 (~3.03k) → ETH is still in “reclaim mode.”
Key levels
Support (must hold): 2.89k–2.90k (today’s low zone).
If that breaks: 2.83k next, then the bigger support pocket toward 2.62k (your longer-window swing low).
Resistance (to flip bias): 3.03k–3.12k first (MA25 + local structure), then ~3.15k (MA7).
Short-term turn trigger
Daily close back above ~3.03k, then acceptance above 3.12k.
> Not financial advice
