BITCOIN HOLDERS: $200k Ethereum Trade Starting Now
A crypto trading update that reads bullish short-term across Bitcoin, Ethereum, XRP, and Solana, with a large personal Ethereum bet being placed right now.
- Bitcoin is holding above $60K support and showing a bullish setup that could push it toward liquidity just under $65K in the coming days.
- The weekly chart shows a bullish divergence similar to the end of the 2022 bear market, framed as a decent long-term spot buying zone for multi-year holders.
- Ethereum is trying to break above $1.8K, forming a double-bottom pattern that points to roughly $2,070 if it confirms.
- A $200,000 Ethereum long (about $20K at 10x leverage) is being entered now, already several thousand dollars in profit.
- XRP and Solana are expected to drift sideways or slightly up; Solana stays range-bound and XRP keeps underperforming.
Outlook: Expect a modest bullish relief or choppy sideways action across major coins over the next few weeks, with Ethereum's move hinging on a daily close above $1.8K.
## Bitcoin Levels
- **Bias:** Bullish short-term relief; long-term accumulation signal for holders.
- **Buy / accumulate:** Around $60,000 (holding this 3-day support); long-term spot accumulation favored now.
- **Support:** $60,000; downside liquidity at $61,000.
- **Resistance:** $64,000–$64,500; $66,000–$67,000 (especially ~$66,200).
- **Targets:** Upside liquidity grab at $64.7K–$64.9K (just under $65K).