Bitcoin Chart Analysis (Click on image to enlarge)
BTC/USD 15-Minute Chart (Source: )On the October 4, 2024 trading session, Bitcoin fell after trying to hold the price on a higher level in the first half. It is moving in lower low and lower high patterns, indicating a selling trend in the crypto. Furthermore, the price is presently moving in a channel, allowing buyers and sellers to create safe positions. Looking at the current trend, is trying to retest the resistance zone again. We can see RSI synced with the price trend clearly. In such scenarios, market movers have a good opportunity to gain high returns as prices move in a systematic manner, allowing both buyers and sellers to play safe. Thus far, $66,511, which is an important support zone, has not been tested, but the price might go to retest the level so buyers can plan an entry.Talking about the entry, below are the entry triggers.
Ethereum Chart Analysis (Click on image to enlarge)
ETH/USD 15-Minute Chart (Source: )On the October 4, 2024, trading session, Ethereum tried holding the price at a higher level but eventually failed and fell sharply. The price can be seen clearly in the selling trend, respecting previous swings and highs. Moreover, Ethereum gives smaller swings compared to Bitcoin, as its price is in a strong zone on a daily time frame. Apart from small swings, prices are moving in the channel, indicating safe entry for . Looking into the chart for an entry, we see the entry trigger mentioned below.
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