Huge manipulation is going on✍️
Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. Yesterday, Trump made an announcement about the crypto strategic reserve, causing a pump in Bitcoin and Ethereum. Looking at Bitcoin’s monthly chart, we’ve seen similar patterns of consolidation, like in 2023 and September 2024. After breaking support, Bitcoin often finds a bottom and then moves up again. For instance, after Bitcoin broke its $91,000 support, it fell to around $78,000 but later reclaimed that support, showing a recovery.
Currently, Bitcoin is holding above its key support level, and as long as it stays above $91,000, there’s no need to panic. If bad news arrives, Bitcoin may dip, but the $91,000 level remains crucial. Regarding Fibonacci levels, Bitcoin recently bounced off a 50% retracement level of $78,600. If it breaks through resistance, it could signal a move towards new highs. For Ethereum, the key support is around $2,000–$2,100, where it’s historically bounced back. That's it for today. Thanks & have a good day!!