Bearish on $C98 (15m) Bearish divergence is forming on RSI while price holds just above the support zone, waiting for a clear breakdown to confirm downside momentum on $C98 My Personal Targets (DYOR) TP 1: 0.0281 TP 2: 0.0273 SL: Above the last major high (structure invalidation level).
There is roughly 35 to 50M in long/short liquidations stacked above price near 69,314 and around 30M sitting below at 65,593. Whichever side gets tagged first could set the next big move. let’s see which pool $BTC chooses.
Fed Governor Waller says crypto dips have "happened before" and big crashes are normal. "Years ago if you said Bitcoin was $10,000, you'd say oh my god this is crazy."
$BTC is stuck at the $70K resistance level because there’s a lot of selling pressure there. Investors who bought at lower prices are taking profits, creating a balance between buyers and sellers. When demand isn’t strong enough to push the price higher, the market pulls back or stalls until a new move forms.
In short: Resistance = a zone of caution and selling, and the pullback = natural market pressure before the next move.
$VIRTUAL is still in a clear downtrend, trading under a descending trendline on the daily chart. However, price is approaching a key demand zone, with RSI sitting deep in oversold territory a zone where strong reversals often begin.
What I’m watching next: Break and daily close above the local trendline Bullish RSI divergence forming near support Strong rejection candle from the demand area
No need to catch the exact bottom I’ll wait for confirmation, then look for long setups on lower timeframes with invalidation below the recent low. What’s your bias on $VIRTUAL here early long, stay flat, or still short?
Friends, I strongly do NOT recommend opening long positions on $ETH especially with 20x leverage on futures — you’ll lose money with a 99% probability.
Stronger than expected jobs = Fed might hold rates higher for longer
This could mean:
Short-term pressure on risk assets (including BTC/ETH) But labor market strength = economic resilience Watch for liquidity shifts in the coming sessions
Expect some volatility. Strong jobs data typically strengthens the dollar and can create headwinds for crypto in the near term. BUT - if the market sees this as "Goldilocks" (not too hot, not too cold), we could stabilize quickly.