Analysis

Bitcoin’s price failed to break above the $63,650 resistance zone and has now entered a corrective phase. The price is currently below $62,500 and the 100 hourly Simple Moving Average, indicating a bearish trend. Additionally, a bearish trend line is forming with resistance at $61,850 on the hourly chart of the BTC/USD pair from Kraken.
Ethereum price has recently experienced a downside correction from the $3,520 zone. Despite this, ETH remains stable above $3,420 and there is potential for another increase in the near term. The price failed to surpass the $3,520 zone, leading to a downward correction. However, it is currently trading above $3,420 and the 100-hourly Simple Moving