Bitcoin and Ethereum Price Movements Amid Market Volatility
- Bitcoin is approaching liquidity pools at $87,249.6 and $87,385.1 after finding support at $82,500.
- Ethereum is trading at $2,726, remaining below liquidity pools at $2,779.00 and $2,806.76.
- The U.S. dollar index rose to a peak of 102.207 last week amid macroeconomic factors.
- Open interest for Bitcoin increased from 96,010 to 97,880 contracts over the week.
- The four-hour relative strength index for Bitcoin was near overbought territory at around 65.
Key volatility triggers this week include the release of U.S. Federal Reserve meeting minutes and ongoing tensions in the Middle East that could impact market stability.
As Bitcoin nears critical resistance levels around $87,000 while Ethereum struggles below its resistance points, traders remain cautious with protective stops set above key price thresholds for both cryptocurrencies. (Source)
