BTC Faces Mixed Technical Signals as Bulls Defend Key Support Levels
BTC (BTC) is showing mixed signals later than recently breaking to record highs above $125,000 before easing to around $122,893 at the latest session. The leading cryptocurrency has gained momentum in recent weeks, but technical indicators suggest the rally may be losing steam as traders weigh whether this is a consolidation phase or the begin of a deeper pullback.
Technical data from multiple market sources indicate that BTC’s broader trend remains bullish. The asset continues to post higher highs and higher lows across the daily and weekly charts, with most short- and medium-term moving averages positioned below current prices. This structure typically signals sustained bullish momentum. However, several short-term oscillators, including the Relative Strength Index (RSI) and stochastic indicators, show overbought readings, hinting at potential exhaustion in the near term.
Key support levels are being closely monitored around $117,000 and $110,000, zones that have acted as major floors in prior consolidation phases. A successful defense of these levels would keep the bullish outlook intact, while a breakdown could expose BTC to sharper corrections toward the $100,000 mark. On the upside, analysts are identifying $128,000 to $130,000 as a short-term resistance range, with extended targets of $140,000 to $150,000 if bullish momentum resumes.
Market observers note that while BTC’s technical foundation remains strong, external factors such as macroeconomic data, U.S. interest rate expectations, and ETF flows are increasingly influencing price action. Volatility remains elevated, suggesting that sharp intraday swings could continue.
For now, traders appear divided: optimists are looking for consolidation before another breakout, while cautious investors warn that fading momentum and potential divergence in indicators could trigger a short-term correction before the next major move.
ETH (ETH) is under renewed tradeing pressure as its price hovers between $4,450 and $4,750, struggling to maintain upward momentum following recent declines. The second-largest cryptocurrency by market capitalization has shown signs of fragileness on technical charts, even as longer-term trends continue to provide structural support.
Short-term technical indicators point to a bearish outlook. Data from major market platforms show ETH trading below most short- and medium-term moving averages, including the 5-, 10-, 20-, and 50-day lines. These averages are now acting as resistance, suggesting that tradeing pressure remains dominant. The Relative Strength Index (RSI) has fallen toward 30, entering oversold territory, while other momentum oscillators such as the MACD and Commodity Channel Index (CCI) remain negative, reinforcing the near-term downside bias.
Key resistance remains near the $4,830 mark, a level ETH failed to break in recent sessions. On the downside, support zones between $3,900 and $3,800 are being closely watched by traders. A decisive move below this range could trigger a deeper correction toward $3,400 or even $2,700 if liquidation pressures increase. Conversely, a recovery above $4,800 would be viewed as an ahead signal of trend reversal, with potential upside targets around $5,200 to $5,500.
Despite the current bearish momentum, analysts note that ETH’s longer-term moving averages, particularly the 100- and 200-day lines, remain below current prices, offering some technical cushion. Broader macroeconomic conditions, including interest rate expectations and institutional flows into crypto assets, continue to influence sentiment.
For now, ETH appears to be in a critical phase: traders are watching whether the asset stabilizes within its support range or extends its decline before establishing a base for the next major move.
