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$ETH Always keep an eye on Bitcoin. Bitcoin is currently approaching its HTF supply area. This could be considered a valid short if Ethereum is still at its 2M BB area and Bitcoin is at HTF supply. Not a fan of these types of setups, but if the confluence stacks up to make it more reasonable, then it's possible short play.

#BTC possible scenario On the daily timeframe, BTC finally broke out. The previous short idea is now invalid. Currently, we are waiting for the weekly close. If BTC closes above the 0.75 Fibonacci level, this could open the way toward the 1.41 Fibonacci zone, which corresponds to the $123K price area. In this scenario, further growth may lead to another deep correction, as a 3-tap bearish divergence with a possible fake breakout could form. Invalidation of the bullish trade idea is IF BTC will not hold above 99K level on D TF.

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Algorand (ALGO) has remained trapped in a persistent downtrend, but there may be an opportunity for traders watching key levels. Sjuul from AltCryptoGems notes that ALGO’s consistent pattern adherence makes current levels worth watching closely. ALGO’s price has shown a clear downward trajectory, constrained within a well-defined descending channel. This channel has acted as a reliable guide, with price action consistently respecting both upper and lower boundaries. Such behavior indicates a technically structured market, where each support and resistance level is significant. The price is approaching the $0.175 level, a critical zone. This area holds importance due to its alignment with the channel’s midline and a horizontal support level. Analyst Sjuul specifically suggests that traders looking for a quick “scalp” trade might find this $0.175 level attractive. A successful price bounce from this area could lead to a short-term rally back towards the channel’s upper boundary. A look at ALGO’s liquidation history provides additional market context. Between mid-November and early February, the market experienced significant liquidation spikes, affecting both long and short positions. Notable events occurred in early December and early February, where liquidations exceeded $2 million. Related: Why Are Worldcoin, Hedera & Algorand Suddenly Pumping Together? However, since March, the volume of these large liquidations has dropped off noticeably. This decrease suggests a recent period with less aggressive leveraged trading in ALGO and potentially lower overall market volatility compared to previous months. Broadly, current support for ALGO appears around the $0.20 mark, with resistance seen near $0.30. These levels remain key reference points for market participants. Despite the potential for a short-term bounce, current technical indicators suggest underlying caution is still warranted. As of press time trading at $0.1997 , the MACD indicator for ALGO shows bearish momentum, with the MACD line below the signal line and a negative histogram. This aligns with the ongoing downtrend, suggesting a continuation of mild bearish pressure. Related: Algorand Pitches Blockchain to Musk’s Government Efficiency Project Meanwhile, the RSI stands at 46.04, a neutral zone slightly tilted toward oversold. This may indicate that the downside is losing momentum, but a clear reversal signal has yet to emerge. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Revolut Launches Bitcoin Lightning Payments in European Markets Digital bank Revolut announced that it will cooperate with Lightspark to launch a payment function based on the Bitcoin Lightning Network in the UK and some European Economic Area countries. This move aims to use Lightspark's payment infrastructure to reduce transaction fees and speed up payment processing. Lightspark is a company led by former PayPal executive David Marcus, focusing on building a global payment solution based on the Bitcoin Lightning Network. At present, Revolut has not announced the specific launch time of this function. (CoinDesk)