Crypto Market Warns: BTC Pullbacks Loom as USDJPY Breaks Key Level
The cryptocurrency market is flashing warning signs as Bitcoin (BTC) and Ethereum (ETH) face potential pullbacks. The author of this analysis sees two early 4h pullback warnings on the BTC chart, indicating a possible reversal in the short-term trend. However, ETH remains constructive without any early warning signals.
The USDJPY currency pair has already broken its decisive level at 155.025, which could lead to further bearish momentum. The author expects the price to potentially bounce around the two-low cluster near 152. Meanwhile, oil futures are overbought and may be due for a short-term correction.
The Fetch AI (FET) token is participating in the broader 'buy-the-dip' market sentiment, with its daily chart showing above its TBO Cloud. The author notes that FET has a potential target price of $1.11 at historical support, more than 500% above the current price.