🔥🔥🔥 The plot twists in this magical drama in the currency circle are a bit more thrilling than in "Game of Thrones." This storyline resembles a crazy mix between "The Wolf of Wall Street" and "Jurassic Park" — a giant beast breaks free from its cage, instantly applying immense pressure on the hearts of leeks, while the electrocardiogram changes to a flat line in seconds. Currently, the volatility of the cryptocurrency market has intensified, Bitcoin fell below $86,000 yesterday due to resistance from U.S. stocks, while other major coins mostly dipped slightly, and Ethereum struggled to hold onto the $2,000 level. Yesterday's incident with JELLYJELLY, which drew attention, once again highlighted how easily giant whales can manipulate the market, and also showed that the decentralized pseudonym Hyperliquid does not live up to its name. Following the unexpected weakening of consumer confidence reported on Tuesday, Trump announced on Wednesday that he would impose a 25% tariff on all imported cars after the U.S. stock market closes. Meanwhile, "reciprocal tariffs" will also be clarified in the coming days. In the context of Trump's inevitable aggressive tariff policy, two Federal Reserve officials issued shocking warnings, the market is concerned about economic prospects, and risk aversion is rising!
======================= 💎 💎 ======================= 🔥🔥🔥Bitcoin broke the level of 86000 after a pullback, which had been held for several days. Although there was a pullback overnight that compensated for part of the decline, the pace of the current recovery still does not demonstrate strength. This morning, a bearish cross was again recorded on the bearish K, and for two trading days, bearish crosses have been observed on bearish candles. The price of the coin reached the upper resistance boundary, and on the hourly chart, it is clear that selling pressure is evident in the 88000-88500 zone. Continuous multi-day pullbacks and corrections have failed to strengthen. On the short-term hourly chart, a decline was observed yesterday during the European session, and the breakout of the previous low continued during the American session. The repair point was around 87500, and the upper boundary is clearly decreasing. If the pullback level cannot be broken several times, a downward correction can be expected. ======================= 💎 💎 ======================= 🔥🔥🔥Regarding Ethereum, after the overnight drop to 1980, the strength of the rebound was very small, and throughout the day, lateral movement was mainly observed, with the main trend still in a descending structure. On the four-hour chart, technical analysis shows that in the past month, high points around 2110 were reached twice, creating pressure. Numerous rebounds that do not overcome this level are likely to continue the downward movement; on a short time frame, a drop occurred yesterday during the European session, and the breakdown of lows continued during the American session. The correction level today is around 2036, and if the rebound does not surpass it, we will also expect a continuation of the decline.
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🔥🔥🔥 The plot twists in this magical drama in the currency circle are a bit more thrilling than in "Game of Thrones." This storyline resembles a crazy mix between "The Wolf of Wall Street" and "Jurassic Park" — a giant beast breaks free from its cage, instantly applying immense pressure on the hearts of leeks, while the electrocardiogram changes to a flat line in seconds. Currently, the volatility of the cryptocurrency market has intensified, Bitcoin fell below $86,000 yesterday due to resistance from U.S. stocks, while other major coins mostly dipped slightly, and Ethereum struggled to hold onto the $2,000 level. Yesterday's incident with JELLYJELLY, which drew attention, once again highlighted how easily giant whales can manipulate the market, and also showed that the decentralized pseudonym Hyperliquid does not live up to its name. Following the unexpected weakening of consumer confidence reported on Tuesday, Trump announced on Wednesday that he would impose a 25% tariff on all imported cars after the U.S. stock market closes. Meanwhile, "reciprocal tariffs" will also be clarified in the coming days. In the context of Trump's inevitable aggressive tariff policy, two Federal Reserve officials issued shocking warnings, the market is concerned about economic prospects, and risk aversion is rising!
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🔥🔥🔥Bitcoin broke the level of 86000 after a pullback, which had been held for several days. Although there was a pullback overnight that compensated for part of the decline, the pace of the current recovery still does not demonstrate strength. This morning, a bearish cross was again recorded on the bearish K, and for two trading days, bearish crosses have been observed on bearish candles. The price of the coin reached the upper resistance boundary, and on the hourly chart, it is clear that selling pressure is evident in the 88000-88500 zone. Continuous multi-day pullbacks and corrections have failed to strengthen. On the short-term hourly chart, a decline was observed yesterday during the European session, and the breakout of the previous low continued during the American session. The repair point was around 87500, and the upper boundary is clearly decreasing. If the pullback level cannot be broken several times, a downward correction can be expected.
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💎
💎
=======================
🔥🔥🔥Regarding Ethereum, after the overnight drop to 1980, the strength of the rebound was very small, and throughout the day, lateral movement was mainly observed, with the main trend still in a descending structure. On the four-hour chart, technical analysis shows that in the past month, high points around 2110 were reached twice, creating pressure. Numerous rebounds that do not overcome this level are likely to continue the downward movement; on a short time frame, a drop occurred yesterday during the European session, and the breakdown of lows continued during the American session. The correction level today is around 2036, and if the rebound does not surpass it, we will also expect a continuation of the decline.