Dhan

Market Snapshot: $BTC & $PUFF

Bitcoin (BTC) is currently trading around $104,384, holding above its recent low of $103,602. Although there's been a slight 24h dip of 0.67%, price action reflects a market in pause mode, with $BTC hovering below key moving averages. This setup suggests that the bulls are hesitating, at least for now. Resistance stands at $105,600, and unless BTC can reclaim the 100-hour MA, momentum stays cautiously bearish in the short term. RSI, while not shown, seems to hint at neutral to slightly bearish pressure based on price structure.

This theme of hesitation and sideways movement isn’t just a BTC story.

Over in altcoin territory, $PUFF is showing similar behavior. Currently priced at $0.06938, it’s nudged up slightly with a 24h gain of 0.42%, but the overall sentiment is still muted. After dipping to $0.06835, PUFF is now flirting with short-term resistance at $0.07048, struggling to gain traction. The convergence of the 7, 50, and 100 MA lines reflects a market unsure of its next move, and RSI, though not displayed, likely echoes this stagnation.

In both cases, the message is clear: momentum is on hold. Whether it’s Bitcoin or PUFF, traders are watching for confirmation, either a clean breakout above resistance or a break below support, to tip the balance. Until then, caution remains the dominant strategy.

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