Expectation Breaker: High-Timeframe Outlook on Bitcoin and Ethereum

$BTC $ETH

My initial area of interest for a sizable dollar-cost-average allocation into Bitcoin ($BTC) is the middle Bollinger Band on the monthly chart, which currently aligns near the $88,000 level.

This zone also coincides with a key high-timeframe support/resistance trendline.

From a purely technical standpoint, the monthly RSI is exhibiting significant deterioration, which reinforces the need for patience and disciplined entry planning.

Following today’s price action, I have no interest in initiating sizable dollar-cost-average positions in Ethereum ($ETH) until price reaches the ~$2,600 level, which corresponds to the lower Bollinger Band on the weekly chart.

The weekly RSI still has ample room to decline, suggesting further downside momentum remains possible.