Bitcoin ($BTC) Analysis:
Current Status: The price of Bitcoin has recently broken out of a bull flag pattern, moving into the peak of its current range.
Next Steps: We will now observe if Bitcoin maintains support in the mid-channel area, often referred to as a throwback.
Key Levels:
Support: The critical support level to watch is around $67,000.
Resistance: The price has marked the range low at $61,000 and the upper trigger point at $72,000.
Trend: Bitcoin is showing signs of continuing its high time frame (HTF) uptrend.
Ethereum ($ETH) Analysis:
Current Status: Ethereum has made a strong move, evidenced by a high wave candle. It is currently consolidating, indicating potential outperformance against Bitcoin.
Key Indicator: A significant trend change for Ethereum will only occur if the ETH/BTC ratio exceeds 0.062.
Key Levels:
Support: Watch for support around the $3,700 area.
Resistance: The next resistance level is at $4,000.
Trend: Ethereum remains bullish, although it is not performing as strongly as Bitcoin at this moment.
Support Levels to Watch Based on Daily Chart:
Bitcoin ($BTC):
Support: $67,000 area
Resistance: $72,000 area
Ethereum ($ETH):
Support: $3,700 area
Resistance: $4,000 area
Alt Coins Daily Chart Levels to Watch :
Bitcoin Cash ($BCH):
Support: $400 area
Injective Protocol ($INJ):
Support: $18 area
Maker ($MKR):
Support: $2,650 area
TRON ($TRX):
Support: $0.11 area
Render Token ($RNDR):
Support: $10.00 area
Fetch ($FET):
Support: $1.85 area
Solana ($SOL):
Support: $170 area
Binance Coin ($BNB):
Support: $510 area
Chainlink ($LINK):
Support: $16 area
Immutable X ($IMX):
Support: $1.80 area
Avalanche ($AVAX):
Support: $29 area
ThorChain ($RUNE):
Support: $5.40 area
Stacks ($STX):
Support: $2.00 area
Near Protocol ($NEAR):
Support: $5.80 area
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