BTC/ETH Today's Market Outlook, Key Levels, and Current Trading Suggestions

In the past couple of days, the market has experienced violent swings, with BTC moving up or down by $1,000-$2,000 within half an hour, catching both longs and shorts off guard. ETH has surged or plunged by over 100+, levels that would have been unimaginable a week ago. Now, the market can make several such moves in a single day. If you keep watching the charts constantly, it's very easy to fall into FOMO...

BTC support range is between 70,900 and 74,450. The price touched around 74,450 early in the session, just 100 dollars shy. This zone is very critical. If it breaks down, expect a sharp decline, and consider entering partial spot positions on dips. If it falls below 50,000, go all-in with your remaining spot holdings without hesitation.

For ETH, keep a close eye on the 2200-2225 level today. Currently, there's a battle for momentum. If this wave cannot stabilize and continues to drop with increased volume, ETH risks being cut in half, potentially breaking below 2000, or even down to 1500!

Currently, ultra-short-term trades are mostly about quick exits. Any hesitation or holding on for a day or two could turn into losses. Therefore, it’s crucial to reduce your position sizes. Without doing so, this market is destined to fail!

Undeniably, ETH's appeal is growing stronger! For spot trading, consider buying in batches at 2200, 2000, 1800, 1600, and 1500 — the odds are high for gains! It will eventually rise to 4000+.

Disclaimer: This analysis is for reference only. Trading involves risks, and you should trade at your own risk. I am not a financial advisor.