๐จ BREAKING NEWS:
ACCORDING TO A CHAIRMAN OF THE FINANCIAL COMMITTEE, PRESIDENT DONALD TRUMP IS EXPECTED TO SIGN THE CRYPTO MARKET STRUCTURE BILL VERY SOON! ๐โ๐ผ
THIS WILL OPEN THE FLOODGATES! ๐ #XRP
$ETH retested the $2,700-$2,800 support zone as I said earlier.
Now, Ethereum is showing some bounceback, but the downside risk is still not over.
Until ETH breaks above the $3,050 level with strong spot demand, the entire rally could get retraced.
The train for $ETH is leaving soon.
And that goes for $BMNR as well.
I don't know for how long $ETH will stay under $3K and $BMNR will stay under $30...
But the last time the momentum indicator turned blue - $ETH jumped from $1.6K to $4.9K.
Don't miss out!
$BTC: update
A clear mid-term downtrend is being built here.
Every key resistance is getting tested just to push price lower.
100K was the last test, clean rejection.
Weโre going much lower, whether you like it or not.
$BTC is likely going to sweep 80.6k if the next weekly candle fails to reclaim and hold above the Monthly Open (87494).
If youโre longing here, make sure your Risk is properly managed.
The final week of a monthly candle that looks like this is bound to give us some sharp and volatile moves.
$BTC has dropped below the $89,000 level.
This has started to look bad now for Bitcoin here.
If BTC doesn't reclaim the $90,000 level soon, I think a sweep of $85,000-$86,000 level could happen next.
$ETH: Bulls defending the ascending trendline. $2,867 is key.
Price looks to be in wave-D of the triangle, with a potential wave-E move higher to complete a larger ABCDE correction, supported by 4H oversold condition.