ClearValue Team Insights
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BTC Continues to Drop Headed Into Today’s Ethereum’s ETF Decision
BTC had a rejection at the yellow zone, and has been experiencing downside over the past 3 days. Today is an important day for Ethereum ETFs, and I think there could be a rotation from Bitcoin to ETH in anticipation of an ETH ETF approval. I would give BTC some time to form a reversal. […]Read More
ETH Flips the Light Blue Zone Into Support
ETH is also retesting the light blue zone as support around $3,650. There is hype around the Ethereum ETF this week, and an approval could send ETH higher. I would monitor the light blue zone to make sure it holds as support, and the yellow zone is the next key resistance target ahead between $3,900 […]Read More
BTC Retesting $69K Support
Yesterday BTC faced some resistance near the lows of the yellow zone around $71.7k. There is short-term support at $69k, and BTC bulls are trying to defend the $69k price level here. I would monitor $69k to make sure this support level holds. The yellow zone is the last defense for BTC bears, if BTC […]Read More