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#BTC & ETH Thursday Analysis
I usually use Thursdays to gauge the market's pulse. Because movements start to become clearer after the middle of the week. Today, I also want to look at important levels for both BTC and ETH.
• BTC is currently around 115,000 USD.
• The support zone I am following: 112,500 – 113,000 USD
• Resistance zone: 117,000 – 118,000 USD
If I were to say, I would consider a drop below 113,000 risky, but if it finds strength above 118,000, a new rally could be opened.
• ETH is currently around ≈ 4,210 USD.
• Support: 4,150 – 4,200 USD
• Resistance: 4,350 – 4,400 USD
I consider it important to maintain the support at 4,200 in my own strategy. If the breakout at 4,400 occurs above, the momentum could strengthen much more.
Thursdays feel like decision week for me. How do you see it, do you think these levels are strong or fragile?
It is not investment advice.