ETHFI has formed a double bottom and continued to react from the major support zone around $0.399–$0.419, while remaining within the downtrend channel pattern. Sellers are aggressive and have pushed the price below support, creating a shorting opportunity.
Bitcoin tested the upper resistance line of the channel and was rejected from there. The resistance is in the $78,000-$79,000 range, and a break above this level will push the price towards $85,000.
BTC is still holding high for a new higher high and now following the uptrend channel pattern. The price looks weak for a push, but we need to see a higher time frame (HTF) candle closing above it, such as on the Daily or Weekly chart.
Bitcoin Wholecoiner Flows on Binance Drop Sharply. This decline in active wholecoiners reflects both reduced selling pressure and a gradual transformation of market structure, with a growing share of supply becoming increasingly illiquid over time. $BTC
BTC turned out to be a classic Liquidity Sweep from previous highs, trapping sellers before dropping sharply back down. Structure now pointing toward a move down to the $72,000 mark where a meaningful Reversal could develop.
Reversal remains on the cards from that level provided macro sentiment doesn't weaken further and buyers step in with conviction.