Ethereum is showing a strong bullish structure on the chart, with buyers continuing to defend the recent consolidation area. The Head & Shoulders formation is clearly visible, and price is pushing higher after breaking through the neckline area. 🔥
BTCUSD | Bullish Trend Continuation & Breakout Potential Fundamental Recent bond-buyback expectations have pressured the U.S. dollar, potentially supporting demand for risk assets such as Bitcoin. Continued weakness in the dollar could provide a favorable backdrop for BTCUSD, although macro conditions remain a key risk.
Bitcoin is currently consolidating inside a contracting structure on the daily chart, with price compressing between descending resistance and rising support.
Testing mid-range support at 1,895.63! Are you panic-selling this local pullback into trendline support, or getting ready to buy the bounce for a run to $1,950? 🤔
Bitcoin is showing a strong recovery after breaking out of the downward channel. Price is currently around 64,135, with the chart highlighting 64,901 as the key resistance.
ETH looks like a triangle is about to break out which could be Wave 4 or Wave B, I would expect a move to $2100 - $2400 if it breaks to the upside.