Bitcoin has retraced to 112,000 USD post-Powell’s remarks, showing a lower high around the 117,440 USD resistance level. This suggests bearish momentum, with key support at 110,756 USD.
Ether printed a doji candle, reflecting market indecision at 4,624 USD, with potential resistance at 5,000 USD. This pattern indicates a loss of upward momentum, necessitating caution from investors.
Both Bitcoin and Ether are facing critical support and resistance levels. For Bitcoin, support is at 110,756 USD, while Ether has support at 4,065 USD, suggesting market shifts could be imminent.
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