After a slight correction yesterday, both BTC and ETH are showing quite positive recovery signals.
$BTC – Quick analysis:
🔸Price has bounced from the low of $79,900 and is currently trading around $81,000.
🔸 The structure on both small and large timeframes is leaning towards an uptrend.
🔸 The short-term correction seems to be complete.
🔸Key support zone: $80,000 – $80,400 (M15)
🔸Nearest resistance zone: $82,000 – $84,000
View: Favoring a Long BTC scenario as long as the price holds above the support zone at 80k. Short-term target is to retest $82k–$84k.
$ETH – Quick analysis:
🔸ETH has reacted very well upon hitting support at $2,200 – $2,230.
🔸 Price is currently bouncing back around $2,300.
🔸 Benefiting from the overall recovery of BTC.
Viewpoint: Continue to prioritize Long positions on ETH in line with the overall trend.
🔸Support: $2,200 – $2,230
🔸Resistance: $2,300 – $2,400
In summary: The market is showing signs of returning to a bullish trend after a slight correction. For those waiting for a dip to enter a position, this is a quite reasonable time.
‼️Note: This is just personal analysis and for reference only. You guys need to manage your risk well and DYOR before making any decisions.
Are you guys holding BTC/ETH or waiting for any other signals? Comment your thoughts below! 👇
Like if you agree with today's bullish perspective! 🔥
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