BTC Faces Technical Pressure as Bulls Struggle to Hold Key Support
BTC is showing signs of short-term fragileness despite maintaining long-term structural support above the 200-day moving average. As of ahead Tuesday, BTC was trading around $103,745, down 0.03% on the day, with an intraday range between $103,653 and $108,242.
Recent technical indicators suggest a neutral-to-bearish bias in the short term. The relative strength index (RSI) sits near 45, reflecting neither oversold nor overbought conditions. However, BTC’s price has slipped below several key moving averages—including the 20-day, 50-day, and 100-day—prompting trade signals across most short- and medium-term models. Some analysts have even warned of a potential “death cross” formation, where the 50-day moving average could cross below the 200-day, a pattern historically associated with downside risk.
Market sentiment remains cautious, with traders closely watching critical support and resistance zones. Immediate support is viewn near $105,700, followed by a stronger floor around $101,400. A decisive break below these levels could accelerate bearish momentum toward the psychological $100,000 mark. On the upside, resistance stands at $115,000 and then between $122,000 and $125,000—areas that will likely attract tradeing pressure unless BTC regains strong purchaseing volume.
For derivatives traders, open interest and funding rates are key signals to monitor. A spike in funding or liquidations could confirm a shift in momentum as leverage builds around current price levels.
While BTC’s long-term structure remains broadly bullish, the near-term setup suggests a consolidation phase rather than a clean continuation of the uptrend. A sustained move above $115,000 would be required to reassert bullish control and invalidate the short-term bearish setup. Until then, technical indicators point toward a cautious and range-bound market environment.
ETH is trading near $4,500, showing signs of consolidation later than several weeks of mixed performance. The second-largest cryptocurrency by market capitalization remains in a holding pattern, with short-term momentum fading even as longer-term technical structure stays broadly supportive.
Analysts note that ETH’s relative strength index (RSI) is hovering near 44, a neutral level indicating neither overbought nor oversold conditions. Meanwhile, the asset’s short- and medium-term moving averages—spanning the 5-, 10-, 20-, and 50-day ranges—are all signaling trade conditions. However, the 200-day moving average continues to trend positively, suggesting that ETH’s broader market structure remains intact despite short-term fragileness.
Support and resistance zones have become increasingly critical to ETH’s technical outlook. Strong support has been identified between $4,000 and $4,150, a region that has repeatedly absorbed tradeing pressure during recent pullbacks. On the upside, resistance around $5,000 remains a key barrier, where past rallies have met renewed profit-taking. A sustained breakout above this level could reignite bullish sentiment and open the path toward $5,500 or higher.
Market indicators such as the Average Directional Index (ADX) reflect low-to-moderate trend strength, confirming that ETH is currently lacking a strong directional impulse. A decisive move in either direction—supported by trading volume and derivatives positioning—will likely set the tone for the coming weeks.
If ETH fails to hold the $4,000 support area, analysts warn of a potential retracement toward $3,500 or lower. Conversely, a breakout above $5,000 could trigger a new phase of momentum purchaseing, especially if institutional flows and staking activity continue to grow.
Overall, ETH’s current positioning reflects a market in wait-and-view mode, balancing between long-term optimism and short-term technical caution.
