⚓️ #Bitcoin is fluctuating around $101,900, ranging between $103,980 and $101,460 during the day;
✍️ ETH is showing signs of recovery after dipping from the $2,445 level to $2,300. While the options expiry for BTC and the closure of contracts worth $3.5 billion could increase volatility, ETF outflows and a daily volume increase of 19% for ETH are putting pressure on the price.
📉 In technical terms, the daily RSI for BTC is ~42 and for ETH ~41; both are in the oversold region, indicating a possibility of a short-term reaction rally.
💡 On days when withdrawals from exchanges are concentrated, the risk of low volume manipulation may increase. Institutional purchases and the impact of ETFs can play a critical role in determining direction.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
⚓️ #Bitcoin is fluctuating around $101,900, ranging between $103,980 and $101,460 during the day;
✍️ ETH is showing signs of recovery after dipping from the $2,445 level to $2,300. While the options expiry for BTC and the closure of contracts worth $3.5 billion could increase volatility, ETF outflows and a daily volume increase of 19% for ETH are putting pressure on the price.
📉 In technical terms, the daily RSI for BTC is ~42 and for ETH ~41; both are in the oversold region, indicating a possibility of a short-term reaction rally.
💡 On days when withdrawals from exchanges are concentrated, the risk of low volume manipulation may increase. Institutional purchases and the impact of ETFs can play a critical role in determining direction.
This is not investment advice.
#crypto # cryptocurrency #bitcoin # ethereum #btc # eth