Bitcoin’s hanging by a thread near that $100,000 mark, and honestly, it’s making a lot of people nervous. After failing to hold above $120,000, the climb back to $110,000 feels shaky. There’s just not a lot of energy behind it right now. Maybe it’s the broader uncertainty, or maybe traders are just waiting to see what happens next.
Bitcoin’s Critical Juncture
Technically, things aren’t looking great. Bitcoin is still trading below its 50-day moving average, which isn’t a good sign for short-term momentum. If it can’t find solid footing soon, we might be looking at a test of the 200-day EMA down around $104,000. That’s a pretty important level. If that breaks, well, saying goodbye to $100,000 becomes a real possibility.
Volume tells a big part of the story. It’s been drying up, which usually means buyers are sitting on their hands. The RSI isn’t offering much hope either—it’s just kind of hovering, not showing any of that bullish divergence you’d want to see for a rebound.
Ethereum Takes a Breather
Over in the Ethereum world, things have cooled off a bit after that run toward $5,000. It’s consolidating around $4,300 now, which isn’t necessarily a bad thing. These pauses can be healthy. The key level to watch is $4,000, specifically the 50-day EMA around there. If ETH can hold that, it might just be gathering steam for another go.
Volume has slowed down here too, but that doesn’t automatically mean a downturn. Sometimes quiet periods just mean bigger players are accumulating, setting the stage for the next move. The RSI is in a neutral spot, so there’s room to run if buyers decide to step back in.
Shiba Inu’s Volatility Trap
Then there’s Shiba Inu. SHIB is coiling up in this tight triangle pattern, and it’s getting to the point where something’s gotta give. It’s trading around $0.0000123, and this pattern typically ends with a big burst of volatility—one way or the other.
The 200-day moving average has been a stubborn ceiling. Each time SHIB gets near $0.0000140, it gets pushed back down. But as the triangle gets tighter, the pressure builds. A break above could trigger a short squeeze and bring back some excitement. A break below $0.0000120, though, could spark another sell-off. The RSI is smack in the middle, so it’s truly anyone’s game. Just be ready for some wild swings.
So where does that leave us? For Bitcoin, holding $104,000 is crucial. A close below $100,000 would be a major blow. Ethereum needs to defend $4,000 for a chance at another run toward $5,000. And with SHIB, wait for a clear break—either above resistance or below support—before making a move. In each case, don’t trust the move until you see the volume to back it up.
