$BTC BITCOIN MONTHLY ANALYSIS
Bitcoin just closed its monthly candle below the 50 MA and hit a 27-month low.
Monthly MACD is now more negative than at any point since 2022, indicating exhaustion.
However, the broader economy is showing positive signs:
- ISM PMI sits at 54, a 4-year high.
- Oil has dropped below $68.50, which will ease inflation.
- The job market is improving, with new job openings hitting a 2-year high.
The Bitcoin chart is following a typical 4-year cycle, suggesting a f...
$BTC okay so I keep staring at this BTC chart and something's bugging me. price bounced off 57,800, everyone's kind of relieved, and — I don't know, it just doesn't feel like relief to me. feels more like a pause.
the moving averages are still stacked the bad way on literally every timeframe I checked. 7 under 25 under 99. hourly, 4h, daily, weekly, all of it. that's usually not what a bottom looks like, right? or wait — maybe I'm overthinking the MA order thing, sometimes it lags anyway.
what a...
$ETH Holding Support or More Downside Ahead...??
$ETH remains under selling pressure after failing to hold above the recent recovery highs. Price is now hovering around the $1,560-$1,570 support zone, where buyers are attempting to slow the decline.
If bulls reclaim $1,580-$1,600, a recovery toward $1,610-$1,620 is possible. However, if $1,560 fails to hold, price could revisit the $1,550 area before finding stronger demand.
For now, the short-term trend remains bearish, and buyers need to r...