📊 Current Bitcoin Position



Bitcoin is currently trading around $60,700-$61,000, after briefly touching a low of **$59,000** on Wednesday night. This is the second test of the psychological support level at $60,000 in the last month.

Key Levels:

· Support: $59,000 (critical area held twice). If broken, potential to $55,000 opens up.
· Resistance: $61,800-$62,000. Needs to break through here to start a stronger recovery.

🔥 Current Ethereum Position

Ethereum is trading at $1,615-$1,622, down about 2.7% in 24 hours. ETH is still struggling to return to the $1,700 level, which was previously an important support area.

Key Levels:

· Support: $1,550-$1,600 (critical area). If breached, potential to $1,385.
· Resistance: $1,700. ETH needs to reclaim this level for a confirmation of recovery.

🌪️ What Is Driving These Movements?

There are three main factors pulling in opposite directions:

1. Macro Sentiment Still Heavy: The Fed remains hawkish (leaning toward raising interest rates), the US dollar strengthens to a 7-month high, and Bitcoin ETFs recorded $469 million in outflows in a single day.
2. Positive Catalyst from the AI Sector: The recovery of AI stocks (Micron surged 15% after a strong earnings report) helped stabilize crypto.
3. Ethereum Foundation Restructuring: There is an internal struggle over funding. The Foundation cut its budget by 40%, while institutions like a16z continue to accumulate ETH. This signals a "power struggle" within the Ethereum ecosystem.

In Summary

The market is in a consolidation phase after the massive sell-off. Bitcoin and Ethereum are holding at critical support levels. This is a moment that tests our resilience as a community — stay calm, stay vigilant, and remain true to the values we believe in. #BTCProbes60KKeySupportLevel #SKHynixTopsKOSPIByMarketCap #fulan #IsraelStrikesIranBTCPlunges #WorldCup🏴󠁧󠁢󠁳󠁣󠁴󠁿vs🇧🇷
BTC-2.14%
ETH-2.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned