Market Overview
Bitcoin and Ethereum spent the last 24 hours consolidating in relatively narrow hourly ranges after Wednesday’s sharp dip that briefly pushed BTC below $94 k and ETH toward $3.26 k. The hourly chart now shows:
• Higher-lows sequence since 07:00 UTC, suggesting that sellers are losing momentum near BTC 95 k / ETH 3.28 k support.
• Declining spot and derivatives volume during the European morning – a classic sign of a compression phase before the next impulse.
Sentiment remains cautious (Fear & Greed = 25) but the news-flow is turning net-positive in the very short term: renewed spot-ETF inflows (+$1.42 B this week), a U.S. mortgage lender accepting BTC/ETH as collateral, no U.S.-government BTC sales, and several on-chain accumulation events (BitMine 20 k ETH withdrawal, corporate treasuries adding BTC). Macro headlines (BoA ‘sell’ signal, strong USD index) raise medium-term risk, yet they have had limited intraday impact because crypto is currently trading more on endogenous catalysts than on broad-risk correlations.
Liquidity is thin going into the U.S. holiday weekend, making order-book imbalances more influential. The nearest visible clusters are BTC 95 k–94.8 k (bids) and 96 k–96.3 k (asks); ETH 3.28 k–3.26 k (bids) and 3.34 k–3.37 k (asks). Funding rates have normalised after Thursday’s flush, suggesting that forced long liquidations are largely finished.
Overall, the technical bias for the next five hours is a mild upward grind within the prevailing sideways channel, with the path of least resistance pointing toward the upper boundary of the current hourly range rather than a fresh breakdown.