3.5 BTC ETH Market Analysis and Trading Strategies

Currently, Bitcoin is priced around $72,400. The overall market structure remains within the correction channel of this month’s oscillating upward trend. However, after hitting the key psychological level of $74,000 last night and encountering resistance, it pulled back, signaling that the short-term bullish momentum is weakening. The market is entering a technical correction phase.

Relative Strength Index (RSI) is neutral to slightly bullish: RSI indicators (43 and 59) are in the mid-range and have not entered the oversold zone with the price decline; instead, they show signs of upward movement. This suggests that the current decline is not a deliberate sell-off but rather a technical correction after profit-taking by bulls, and market support remains.

Trading Strategies

Buy at 70,500, stop loss below 70,000, target 71,500–72,400

Sell at 73,300, stop loss above 74,300, target 72,500–71,500

Trading Strategies

Buy at 2,070–80, stop loss below 2,050, target 2,130–2,150

Sell at 2,160–80, stop loss above 2,200, target 2,100–2,080