ETH is staying within long term up cycle channel. based on channel boundaries ETH to 3700 sometime in DEC. Thats the latest to wait to see an ETH break out to the upside or continue channel action and fall back down to 2600 Q1 2025
BTC testing multi-year Bull Run support. Just in time for the Fed to deliver the kill blow.
Prediction: FED has data now to not only continue with QT but intensify the incremental rate hikes.
This could put BTC into the first real bear market in its existence this week.
Not trading or financial advice... just commenting on chart patterns and how they are...
BTC failed to reclaim the Daily 200D MA. A retest at 35k looks like it will happen. If BTC falls below the 35K support this month we could see March trend down possibly testing the strong multi year bull run support. Inflection back into bull wouldnt be until mid to late April.
Descending Triangle Pattern has been rejected multiple times by BTC holding the 47000 support level.
RSI at similar daily levels seen just before before the October rally.
Prediction: BTC beats the descending triangle pattern for new month long rally
*not trading advice*
