Technical Analysis
Good morning!
Bitcoin BTC (daily)
As mentioned in last week’s comment the resistance at around 48'000 USD is a tough cookie. If I check the orderbooks of the main exchanges there are stale sell orders in the 48'000-50'000 USD region. I have set my trading view alarms on the topside at 48'150 USD, and on the downside at a dynamic one if we cross the base line of the Ichimoku cloud (currently at 45'932 USD). Consolidation mode is still the name of the game, and we are pretty much in the middle of the wide range of 44'000-50'000 USD.
Ethereum ETH (daily)
I have set a few alarms to keep me on my toes. Topside at 3'325 USD, and on the downside also at a dynamic one when we cross the base line of the Ichimoku cloud (currently at 3'158 USD). My gut tells me that we are entering a consolidation phase and the first indication is the potential range of 2'900-3'300 USD.
As a side note, the music is playing for the smaller coins; it is playing especially loudly in the Solana ecosystem. Check out SOL, SRM, STEP, and RAY.
Solana SOL (daily)
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