Cautious Sentiment, Crypto Remains Under Control
The crypto market saw mixed trading on Wednesday. Bitcoin (BTC) held steady around $114,273, while Ethereum (ETH) hovered around $4,350. Other major assets also rallied: BNB around $877, Solana (SOL) $186.6, and XRP $2.96. These movements closed the daily session on a cautious note, amidst still relatively high volatility across most major assets.
Intraday dynamics saw BTC fluctuate between $112,482 and $114,406, indicating continued buying interest on short dips. ETH was also volatile at $4,072 and $4,361, while BNB traded between $819 and $878 before strengthening again near the close. SOL and XRP each maintained a mild uptrend, although their daily ranges remained wide. Overall, the market is still searching for a stronger catalyst to drive a continuation trend beyond today's range.
Looking ahead, market participants will monitor a combination of macro factors (central bank policy, the US dollar, and bond yields) as well as global risk sentiment, which could trigger rapid rotation among crypto assets. For short-term traders, key levels to watch include BTC's $112.5K (intraday support) and $114.4K (intraday resistance), while ETH is testing $4.07K–$4.36K. A decisive break above the daily range could potentially unlock further momentum; conversely, failure to break through resistance would maintain the range-bound pattern until a new trigger emerges.
Source: Newsmaker.id
