📊 Bitcoin (BTC) – Current View
Price action & levels:
•
$BTC remains around the mid-$80,000s to ~$89,000 range in thin year-end trading. Market volumes are subdued, typical for holiday periods. 
• Recent price swings include a drop to around $87,100 with forced liquidations accelerating short-term moves. 
Market drivers & risk:
• A record ~$27–28 billion BTC & ETH options expiry has just hit the market, potentially causing heightened volatility as positions reset. 
• Technical indicators show implied volatility cooling, suggesting calmer conditions, but market structure remains sensitive ahead of key resistance levels (e.g., ~$95K–$100K). 
Short-term bias:
• Mixed to slightly bearish until BTC can convincingly reclaim and hold above the ~$90,000 zone.
⸻
📈 Ethereum
$ETH – Current View
Price action & levels:
• ETH is trading near ~$2,900–$3,000 and stuck in a tight range, struggling to break higher. 
• BTC and broader market pressure tends to influence ETH moves, especially around major derivatives expiration events. 
Technical nuance:
• Ethereum’s price has shown volatility compression — meaning markets are waiting for a catalyst to push price decisively up or down. 
• On relative terms, ETH’s performance versus BTC (ETHBTC) recently showed a breakout above a trendline, indicating potential relative strength if confirmed. 
Short-term bias:
• Range-bound until ETH decisively clears overhead resistance near ~$3,050–$3,200.
#USGDPUpdate #ethupdates #btcupdates #HotTrends #Follow_Like_Comment