This article presents the current price analysis of Bitcoin (BTC) and Ethereum (ETH), including key support and resistance levels.
BTC Analysis
BTC's price recently broke through a short-term trendline but faced resistance at a previous high. It found support around $105,100 and rebounded upwards indicating a bullish trend. The price is currently trading around $108,850 after slightly breaking out of a flag pattern.
ETH Analysis
On the 4-hour chart, ETH's price has broken through the midpoint of a large trading range. However, it faced resistance at $2,620. Investors may consider entering long positions at the support zone between $2,515 and $2,550.
Trading Recommendations
For BTC: * Direction: Long * Entry: $108,800 - $109,000 * Take Profit: $111,500 / $114,000 / $115,000 * Stop Loss: $107,999 / $105,000. For ETH: * Direction: Long * Entry: $2,515 - $2,550 * Take Profit: $2,680 / $2,740 / $2,770 / $2,820 * Stop Loss: $2,490 / $2,449.
Overall, BTC and ETH provide trading opportunities based on current support and resistance levels. Investors should consider their risks and goals.
