Bitcoin is trading at $ 11,225 this morning with a horizontal view. In the past week, BTC managed to hold on at $ 11,200 in the general market conditions fluctuating with the increasing cases of COVID-19 and the introduction of curfews in Europe and renewed confidence. Nevertheless, there is a general volume decrease in BTC due to the trend towards safe harbor demand. In addition, Ethereum may experience positive divergence from Bitcoin, as miners' earnings drop to a 5-month low.

When we consider BTCUSD technically; We see that the bullish channel continues, but transactions are within a horizontal band. Therefore, we will continue to follow the daily movements in the range of $ 11,200-11,550. The rhythm of BTC is in an upward trend but we continue to follow the volume and horizontal levels.

Ethereum is holding flat at 0.5% this morning and is pricing at $ 372. Basically, with the absence of a news headline that stands out in the developments, it continues to move over $ 11 billion, which is also on the DeFi side (locked). Therefore, we can see that technical movement are in the foreground.

When we consider ETHUSD technically, we see that it is within a wide bullish channel. Therefore, we will pay attention to where we are in the middle band of the channel. The fact that we are above the full intermediate support in Ethereum, which is horizontal at $ 365-380 daily and the hourly horizontal oscillators at $ 372 show a return from the oversold zone, signaling a reaction may come.