In this episode I refresh the broader market view and I’m blunt that the trend still looks bearish, and emotional dip-buying has been getting punished. I repeat that 0.31 is still my main framework because it has kept tagging local tops and sell zones, and right now I’m looking for real strength signals rather than a random bounce. I stress that even if we get a green week, the action will likely stay choppy due to panic and a general lack of willingness to hold risk. My core point is that the weekly close and the reaction at nearby support will decide the next read – without that, I don’t treat “the bottom is in” as confirmed.
For BTC I note we’re again testing the weekly 0.31 support, and the key moment for me is whether the week can close above 65.5K, because then I expect next week to be greener even if it’s messy. At the same time I keep deeper bear-market zones in mind: I call out 44K as the “absolute lowest” level I’d like to see, and I separately discuss a potential bottoming area around 52-53K as another macro target. On the shorter horizon I again mark 71.7-71.8K as the 0.31 “line in the sand” from local high-to-low: a daily close above it supports flipping more bullish and targeting 80.5-80.7K as heavy resistance, while failing to hold nearby support keeps the risk of sliding toward 63-63.5K and, if that breaks, down into the high 50s.
For ETH no specific levels were mentioned in this episode, so I don’t anchor to numbers and I talk through the broader market setup. I emphasize that my main bottoming confirmation remains leverage leaving the system, so I’m watching open interest closely and I want to see a more obvious “flush,” similar to what appeared around prior bear-market lows. I also underline that I’m especially cautious on alts, because even a big drawdown doesn’t prevent another deep leg lower – to me that’s simply part of a bear environment until structure starts breaking the other way.
Trading cryptocurrency involves substantial risk. This analysis is for educational purposes only and is not financial advice. Past performance does not guarantee future results.
