Bitcoin and Ethereum Converging — Watch for Breakout
I'm seeing Bitcoin and Ethereum prices converge closely, effectively "kissing" at key technical levels. This compression suggests the market is indecisive and awaiting a catalyst that could produce a joint breakout or breakdown.
I'm watching volume, RSI and momentum for confirmation before committing new capital. Until I see a clear directional signal, I prefer to stay patient and manage existing exposure carefully.
Analysis
Recommendation
Watch both assets for a confirmed directional move; avoid initiating sizable new longs until volume and momentum confirm, or scale in small with tight stops to limit risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.