I’m sharing an update after the month rolled over and I’m focusing on how the market handled the monthly close: right before the close, price was pushed back into the key area, and I note that the month opened with a green candle after a streak of red ones. What matters to me is that the monthly candle already printed a lower wick, which leaves room for a relief move. At the same time, I keep the external risk in mind: with a war ongoing, stress can spill into risk assets through equities and the dollar.
On BTC, I see price still holding the main area and staying inside a tightening range where volatility compresses ahead of an impulse. My key levels are: support 65.85k, resistance 70k, target 75.5k. If we break and hold above resistance, I’m looking for a move toward the target; if we lose support, the scenario flips lower and pressure from traditional markets can amplify the downside.
I don’t cover ETH specifically in this episode — its price action wasn’t mentioned. No ETH support/resistance/target levels were given. Upward/downward scenarios for ETH also weren’t mentioned.
Overall, I’m watching the factor mix: fading momentum in equities, a roughly 2% drop there, and a sharp dollar spike as a potential headwind for crypto. I like that BTC is holding despite that, and open interest looks healthier after earlier spikes, but I’m not trying to overtrade the compression and I keep fakeouts in mind before the real move. The key line for me is holding the support versus losing it, and from there I’m simply waiting for a confirmed breakout from the range. Source:
Trading cryptocurrency involves substantial risk. This analysis is for educational purposes only and is not financial advice. Past performance does not guarantee future results.
