Big Crypto Crash: Bitcoin and Ethereum Break Key Supports Amid Bearish Momentum
Bitcoin and Ethereum carry comot sharp dis week, break important support levels as bearish momentum dey grow. BTC drop pass $105,500, $103,000 and $102,000, test low near $98,277 and dey trade under 100-hour SMA. Immediate resistance for BTC na $101,250 and $103,500, key support dey for $100,150, $98,500 and $95,000. Meanwhile, ETH drop over 10%, break $2,350 and $2,250 and drop reach $2,120 area under 100-hour SMA. ETH get resistance for $2,250 and bearish trend line near $2,280; if e clear break pass $2,340–$2,400 fit cause rebound go $2,500 and $2,620. If e no fit regain $2,340, e risk more fall go $2,150, $2,120 or critical $2,000 level. Both MACD indicators show momentum dey weak under zero, and RSI still dey under 50, show say market dey careful. Traders suppose dey watch for clear close above key resistance levels to signal possible reversal, while breakdown below critical support fit trigger deeper loss.
Bearish
Di sharp break dem for key support and di sustained trading under di 100-hour SMA for both BTC and ETH dey show say bearish pressure still dey. For short term, traders fit see more downside to test di critical levels (BTC at $95,000; ETH at $2,000) before dem fit get some relief rally. Long-term recovery go depend on if dem fit reclaim di resistance zones ($103,500 for BTC; $2,340–2,400 for ETH) sharply. With MACD wan weak and RSI dey under 50, caution still dey and di momentum favor di sellers till dem clear pass those levels.