Great resistance or correction? Analysis of key levels on BTC, ETH, and CHZ

In recent days, the market has been showing interesting signals worth examining in detail. Cryptocurrencies are at a critical point where understanding large vertical movements and potential corrections becomes key to profitable trading. Let’s analyze the current situation based on technical levels and historical patterns.

Bitcoin at a Crossroads: From Bottoms to Potential Breakouts

The main cryptocurrency has been displaying an intriguing pattern over the past weeks. The bottom of the current wave was formed at the $86,000 level, from which the market recovered to a high of around $89,500. However, this is not the final station. Historical analysis shows that during major bullish rallies, a typical rise from the bottom is about $10,000–$12,000, which theoretically brings us close to the $96,000 mark.

Key levels to watch: the first aggressive stop-loss level is set at $88,388, the nearest support at $87,588 near current levels, and an extreme point at $86,388. Significant upper barriers are at $90,688 and $93,888. It’s worth noting that previous attempts to break through the $90,688 level (there were two attempts last week) ended in retreats, so caution is necessary this time.

The current BTC price is at $68,960, with a 24-hour high of $69,480 and a low of $66,000. This indicates that the market has been in a volatile phase in recent days.

Ethereum in a Range of Uncertainty: Waiting for a Major Move

Ethereum remains in a classic trading range that has lasted over three months. Previous analysis indicated a critical pressure level around $3,045, but the maximum price stopped at $3,034 — just $10 below. This suggests an imminent breakout.

From a broader perspective, the upper pressure is around $3,340, while the lower support lies between $2,800 and $2,600. Many traders have been struggling within this flat range for an extended period, but understanding the bigger market picture helps avoid unnecessary entries and positional anxiety.

The current ETH price is $2,050, with a recent high of $2,070. This is slightly below expectations but remains a stable level to monitor.

Tokens on the Radar: River and Chiliz Show Potential

River showed a predicted growth — analysis anticipated a minimal rise to $74.4, which has already been reached. The support trend line is around 57 units. A critical moment will occur next Monday — if new highs are not formed by then, a reversal could happen. Short position attempts in such a scenario carry extremely high risk without proper stop-losses.

Chiliz demonstrates resilience without aggressive corrections. The current level of $0.05 is less attractive for strategic entries. Previously, two key entry levels were identified: $0.2888 and $0.015, aiming for at least a threefold increase to $0.12. The nearest catalyst is the World Cup next week, which could trigger exits from positions before that date.

The current CHZ price is at $0.04.

Strategy for Traders: How to Formulate a Major Top

The main rule during such uncertainty is not to rush into short positions without clear breakout signals downward. A major top forms gradually, not in one sudden move. Follow stop-losses, monitor key levels, and remember historical patterns of bullish market development. Risk management and patience are crucial components of successful trading during periods of significant uncertainty.