The market is currently at a critical juncture, facing a pivotal decision: either rallying back to 90,000 or breaking the key support level at 73,800.
Previously, I highlighted a potential top once the market reached 100,000, with an initial target around 74,000, which the market has already breached twice. At this stage, it’s a fierce battle between the bulls and the bears, making it challenging to predict the next move.
A rally from here could push the market back into the 85,000-90,000 range. If it breaks through 90,000, there’s potential for a climb to 108,000, possibly even 125,000.
On the other hand, a break below the crucial support at 73,800 could signal a deeper correction, potentially bringing the market down to 48,000.
I've been short on ETH and XRP, expecting a more bearish trend for both. ETH has already hit its target, while XRP could potentially drop back to 0.45.
The upcoming days will certainly be fascinating to watch.
Previously, I highlighted a potential top once the market reached 100,000, with an initial target around 74,000, which the market has already breached twice. At this stage, it’s a fierce battle between the bulls and the bears, making it challenging to predict the next move.
A rally from here could push the market back into the 85,000-90,000 range. If it breaks through 90,000, there’s potential for a climb to 108,000, possibly even 125,000.
On the other hand, a break below the crucial support at 73,800 could signal a deeper correction, potentially bringing the market down to 48,000.
I've been short on ETH and XRP, expecting a more bearish trend for both. ETH has already hit its target, while XRP could potentially drop back to 0.45.
The upcoming days will certainly be fascinating to watch.
Do what others don’t know, and don’t do what others know.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Do what others don’t know, and don’t do what others know.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.