Recent events in the crypto market show high volatility among assets, driven by tensions in trading relations between the US and China. However, Bitcoin maintains its position above key support levels.
Overall Market Situation
Assets remain under pressure, and investors seem to be reducing risk. In the past four trading days, Bitcoin-related funds experienced outflows totaling $595.9 million, indicating market participants’ caution.
Bitcoin and Ether Price Analysis
Bitcoin (BTC) is attempting to recover but faced strong resistance near $82,218. The support at $73,777 remains critically important. Ether (ETH) reached support at $1,368 and may also begin to recover if it surpasses the $1,786 level.
Analysis of Other Cryptocurrencies
XRP (XRP) encountered resistance at the $2 level, while BNB (BNB) is trying to form higher lows. Solana (SOL) is not showing decisive declines below $110, indicating slight selling pressure. Dogecoin (DOGE) and Cardano (ADA) are also caught in a battle between bulls and bears, highlighting current market uncertainty.
The cryptocurrency market continues to face pressure, and its participants should exercise caution. Current support and resistance levels will define the near-term direction of price movements.
