Weekly Review on #BTC and #ETH

5 giorni fa

The market continues to move within the framework of the main hypothesis — a potential completion of the correction from historical highs and the early signs of a possible trend reversal, as discussed in my recent market review:
https://www.tradingview.com/chart/BTCUSD/4FXGCnwn-BTC-and-ETH-key-levels-to-watch-in-coming-weeks/

As long as #BTC maintains weekly closes above 102K, the base scenario (both for #BTC and #ETH) remains unchanged — gradual recovery, consolidation, and a move toward new highs. I wouldn’t rule out the possibility that this could happen even before year-end.

However, a weekly close below 102K would signal an increased probability that the four-year macro growth cycle has ended and the market could be transitioning into a macro corrective phase across the crypto sphere.

Updated key levels and charts:

BTCUSD
Support: 106K | Resistance: 110–112K
Chart:

ETHUSD
Support: 3680 | Resistance: 4360
Chart:

Thank you for your attention, and I wish you a productive start to the week and successful trading decisions ahead!

4 giorni fa

Nota

Hedging at current levels for existing medium- and long-term long positions looks like a reasonable decision under possible market turbulence. Risk reference zones can be considered around 112K and 114.5K.

BTC — 1H chart (4H view):


To confirm momentum and ensure a confident continuation of the uptrend, it’s important to see a breakout and price consolidation above the 65 EMA on the hourly timeframe.