Market Overview
Bitcoin (BTC) continues to display robust bullish momentum, with prices consolidating near 24,400 and eyes set on the 25,000 psychological resistance. Ethereum (ETH) similarly shows strength, reclaiming the 620 level after a brief pullback.
BTC Technical Analysis
Daily Chart Perspective
- Yesterday’s bullish breakout pushed BTC to a new all-time high near 24,700 before retracing to 23,780.
- Price action closed with a bullish candle, breaching the 5-day moving average consolidation.
- Key support zones: 24,000 (critical hold), followed by 23,800–23,780.
- Upside target: 25,000, contingent on sustained momentum above 24,000.
4-Hour Chart Insights
- Bollinger Bands expand upwards, signaling bullish volatility.
- Current resistance at 24,500; a decisive breakout could accelerate towards 24,700–25,000.
- Short-term caution advised—avoid chasing pumps; wait for retracements to key supports.
BTC Trading Strategy
Long Entry:
- 24,200–24,000: Ideal buy zone, stop loss at 23,900, target 24,500–24,700.
- Breakout Confirmation: If price clears 24,700, consider a small trailing long (100-point profit target).
ETH Technical Analysis
Short-Term Outlook
- ETH surged past 620–630 resistance yesterday, peaking at 635 before correcting to 608.
- Current price stabilizes near 620, with bullish dominance intact.
- Next targets: 630 (immediate), then 635 (previous high).
- Supports: 613 > 608 > 600 (critical for maintaining uptrend).
ETH Trading Strategy
Long Entry:
- 613–608: Optimal buy range, stop loss at 605, target 620–625.
Short Opportunity:
- Near 630, a cautious short with tight stop loss (635), profit target 618–620.
Core Keywords
- Bitcoin price prediction
- BTC bullish momentum
- Ethereum resistance levels
- Crypto trading strategies
- 25,000 BTC target
- ETH support zones
FAQ Section
Q: Is Bitcoin’s rally sustainable?
A: Yes, as long as BTC holds above 24,000. Institutional inflows and macroeconomic factors support further gains.
Q: What’s Ethereum’s next major resistance?
A: 635 is the immediate hurdle; a close above it could open the path to 650–680.
Q: Should I trade altcoins now?
A: Focus on BTC/ETH stability first. Altcoins often follow their lead—wait for confirmation of broader market strength.
👉 Discover advanced trading strategies to maximize your crypto gains.
Risk Disclaimer: Always use stop-loss orders. Market conditions can change rapidly—adapt strategies accordingly.
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