Bitcoin started the day with a 1,3% loss and traded at 10,500 $ levels. US President Trump gave an order to stop discussions about the new stimulus package which expected to be implemented soon. Also, Trump stated that their offer is 1,6 trillion $ instead of 2,2 trillion and he said it’ll be given for hardworking Americans and small enterprises. On the other hand, Bitcoin transaction volume increased as miners’ are taking out coins from their wallets. This circumstance is not supporting the prices fundamentally. 

BTCUSD is having a little selling pressure and it’s holding onto a secondary support level of 10,450 $. The parity, in which the previous low 10,150, is passing by the major support 9,800$. Technically the lower-highs are showing that there’s not much appetite for an uptrend. That’s why it’s crucial to focus on support levels on possible fallbacks. The leading signals are showing weakness for now but holding above 10,450 $ can trigger the reactions to 10,650 $ levels. 

Ethereum is dissociating from Bitcoin with a 4,2% fall this morning. Uncertainty of the 2.0 update caused a selling pressure on ETH and DeFi tokens. Moreover, postponing the new stimulus package led to a major sale on Bitcoin and Ethereum, which is the second-largest cryptocurrency.

Technically ETHUSD is showing reactions from the supports of 334 $. The most important intraday resistance level is 355 $. ETH is keeping its movement inside the horizontal band and a horizontal strategy can be implemented in order to profit from intraday volatility. Support and resistance levels are at the forefront while ETH is moving horizontally.