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Midday Market Outlook 🕛📉
As we move into midday, the market trend remains on a steady decline. Bitcoin (BTC) is hovering around $114,200, while Ethereum (ETH) is fluctuating near $3,600. Veteran trader Old Lv continues scanning for potential entries, staying true to the mindset of capturing market trends — something long-time followers are surely familiar with.
🔍 BTC 4-Hour Analysis:
The downtrend remains intact despite a slower pace. Bearish candles have broken through the mid-level of the prior consolidation zone, and the MACD’s fast and slow lines are diverging below the zero line — suggesting continued downside. A lower convergence point is likely next.
⏱️ 1-Hour Structure:
A clear topping pattern is forming, reinforcing the bearish sentiment. Overall, the short-term market structure remains weak.
📌 Key Levels to Watch:
BTC Support Zone: ~$113,500
ETH Support Zone: ~$3,630
With no clear reversal signs yet, maintaining a cautious bearish outlook seems appropriate. Stay alert and manage positions wisely.