The cryptocurrency market is ending the day with evident tension. Key technical indicators show a consolidation phase where large capital is defending strategic price levels, while overall investor sentiment remains cautious as they await macroeconomic developments.
Closing Technical Analysis
Bitcoin (BTC): The leading cryptocurrency has fluctuated within a highly sensitive range today. Currently, it is struggling to hold the $69,000 level. Order flow analysis indicates a buildup of liquidity around the $68,800 zone, which is acting as the last barrier before a potential larger pullback. Breaking through the $72,200 resistance remains the primary objective for resuming the upward trend.
XRP (Ripple): The asset is showing above-average market resilience. Trading around $1.3991, XRP is currently validating a crucial psychological support level at $1.40. This level is being closely monitored by institutional analysts, as holding it could serve as a springboard to $1.52 in the coming sessions.
Activity in the Ecosystem
On the Binance platform, participation in the daily WODL has served as a barometer of user activity, as users seek to stay informed in a volatile environment. Meanwhile, there is growing interest in the Web3 sector, where highly volatile assets like the WAR token (Solana network) are attracting the attention of higher-risk traders operating through the Binance Web3 wallet.
Night Perspective
The close of the daily session will be crucial. A consolidation above current support levels could pave the way for a recovery at tomorrow's opening at 9:30 a.m. However, strict adherence to Stop Loss orders is recommended (suggested levels: $66,500 for BTC and $1.31 for XRP) due to the liquidity typically injected during the Asian session.
