The digital asset market is once again demonstrating its volatile nature. Following a series of positive macroeconomic signals, including a slowdown in U.S. inflation and expectations of a Federal Reserve monetary policy easing, Bitcoin managed to hold above the $67,000 mark. However, as I warned earlier, every sharp upward move can be followed by an equally sharp correction — and the current situation is no exception.
The key driver of growth this week was the announcement of the launch of spot Ethereum ETFs in the U.S. Trading volumes for these instruments exceeded $2.5 billion in the first two days, instantly boosting altcoins. Ether gained over 12% in the last seven days, pulling along the entire DeFi and Layer-2 solutions segment. However, I would advise caution: historically, such hype-driven events often end with profit-taking by major players.
Technical Picture: Levels You Cannot Ignore
From a technical analysis perspective, Bitcoin is currently testing the resistance zone around $68,500–$69,000. The Relative Strength Index (RSI) on the daily chart has risen to 72, indicating overbought conditions. If buyers fail to hold the $66,800 level as support, we could see a pullback to $64,000 within the next 48 hours. For Ether, the critical zone is $3,450 — a break below this level would open the path to $3,200.
Trading volumes on centralized exchanges have increased by 35% compared to last week, confirming high interest from retail investors. However, stablecoin flow data shows that institutional players have begun gradually withdrawing funds from exchanges, which could signal preparation for a long-term position rather than short-term speculation.
My professional conclusion: The market is in a euphoric phase, supported by fundamental news, but technical indicators warn of a possible correction. In such conditions, a "buy and hold" strategy may be less effective than active risk management. I advise traders to set stop-losses and not chase every impulse — composure is now more important than greed.