Bitcoin Near $110K as Ethereum Dey Soar Pass $2,600
Bitcoin don rally from di $105,200 zone, e break one bearish trend line for $106,300 and climb pass di 100-hour SMA to test $110,000. Immediate resistance dey for $109,400, with main obstacles for $110,000 and $112,000. Support dey for $108,750, $108,000 and $107,200. If e no fit cross $110,000, e fit cause one pullback to $106,500–$105,000.
Ethereum too don increase gain. E bounce from $2,375 and form contracting triangle for hourly chart. Di price cross the 76.4% fib retracement and sharply go pass $2,600 small. Resistance now dey $2,615 (1.618 extension) and $2,665, if e break $2,665 e fit open $2,720–$2,800. Support zones for $2,560 and $2,550 must stand gidigba to avoid reversal go $2,520 or $2,450. Hourly MACD dey bullish and RSI dey above 50. Traders suppose dey watch these levels for short-term entry and exit signals.
Bullish
Both Bitcoin and Ethereum don jam key resistance levels and dey show bullish momentum. Bitcoin break pass di 106,300 level and e continue trade above im 100-hour SMA show say e strong, and di test of di 1.236 fib extension near $110,000 mean say e fit still go higher if e pass dat mark. Same way, Ethereum recovery from $2,375, pattern break from di contracting triangle, and small move pass $2,600 show sey buyers dey ginger again. Hourly MACD and RSI readings for both coins dey bullish, wey support di gains to continue. Short term, traders fit aim for breakout entries above resistance levels, and dey watch support to manage risk. Long term, if im close well above these main barriers, e go confirm di bullish trend, but if e fail for resistance, e fit make the price settle inside the range wey don set already.