Since hitting a high of $109,588 in January, BTC has been on a downward trend, forming a descending parallel channel (purple channel in the chart). Coupled with uncertainties like the tariff war, it has shown a volatile downward trend over the past three months.

The current price is at the upper edge of the channel, presenting a shorting opportunity on the left side, with a stop-loss set above the previous high of $88,500.

There’s also a potential head-and-shoulders bottom pattern (white lines in the chart), a highly reliable reversal pattern. If the price finds support between the Fibonacci 0.236-0.382 levels—$77,850-$80,000—with increased volume, it could climb back to the $100,000 level.

Based on this analysis, here are two strategies for reference: 

ETH

While other cryptocurrencies repeatedly hit new highs, ETH’s performance has been disappointingly weak. However, amidst concerns about ETH’s future, a glimmer of hope appears on the 4-hour chart.

The chart shows an ascending triangle pattern, typically a continuation or reversal pattern. Here, it’s more likely a reversal pattern. Beyond breaking the previous high, the volume also hints at price recovery. Each upward move has higher volume than the downward ones, a sign of potential price growth. If it breaks out upward, it may follow the white path shown in the chart.

As of writing, ETH is at $1,629, close to the trendline’s upper edge—a good left-side entry opportunity. Here are some reference points: 

Direction: Long 

Entry: $1,630 

Take Profit: $1,750 / $1,850 / $1,950 

Stop-Loss: $1,550 (previous low)

XRP

XRP has recently risen to the third-largest cryptocurrency, surpassing BNB and SOL. However, its price is currently in an awkward position. After breaking below an ascending channel (purple parallel channel in the chart), it’s now retesting the channel’s lower edge, with the price holding steady.

This could indicate a balance between bulls and bears or a phase of accumulation. Regardless of the reason, it’s advisable to wait for a clear market signal before acting.

The chart outlines two possible scenarios: First, the bulls prevail, pushing the price back into the ascending channel and potentially breaking the historical high of $3.4. Second, the bears take control, leading to a downward trend within a descending channel (light blue parallel channel in the chart).

For now, it’s not recommended to take action. Patience is key—wait for a clear market signal before moving.

Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.