Austin-August

I'm going short on ETHUSD based on current market structure and key resistance levels.📉 Trade Details:Entry Price: $1,649.43Stop Loss: $1,656.60Take Profit: $1,564.97🧭 Reason for the Trade:ETHUSD recently tapped a resistance zone near $1,650, which has acted as a supply area multiple times in the past. After a weak bullish push with low momentum, price started to stall showing signs of rejection with long upper wicks on the H4 candles.This hints that sellers are stepping in and bulls are losing steam.🔥 Why I’m Short:Price rejected the $1,650 zoneWeak bullish candles near resistanceH4 shows bearish structure formingRisk/reward ratio is solid📍Risk Management:I’m keeping things tight with my Stop Loss at $1,656.60 — just above the resistance zone. If price breaks above this, it means sellers are likely out of the game.Take Profit is set at $1,564.97, right above a demand area and previous support. This gives the trade room to breathe while locking in profit before price bounces.

Based on my technical analysis, Bitcoin (BTC) is expected to drop to **$78,466** again. The analysis is derived from key market indicators, including support and resistance levels. Recent price action suggests that BTC previously tested this level as a significant support, and with current market structure, it is likely to revisit it.Traders should monitor price action closely for confirmation and be prepared for possible volatility around this level.

Ethereum (ETH) is experiencing a strong bullish run against the U.S. dollar (USD), showing an upward price trend fueled by increased buying pressure. Key factors driving this rally include rising investor confidence, growing adoption of Ethereum's network, and positive market sentiment. Technical indicators, such as higher highs and higher lows, support the uptrend, with ETH breaking key resistance levels. If momentum continues, ETHUSD could target higher price zones, but traders should watch for potential pullbacks and resistance areas.

ETHUSD BULL RUN After it has hit Major Support level

ETHUSD Pullback Trade to the Demand Zone, signaling a buying opportunity initiated by market makers.

ETHUSD has reached the demand level, shifting the market structure to higher highs and higher lows on the 5 min timeframe. The price is now trending upward."