Crypto Overlook: Bitcoin and Ethereum with triangle formations, a week before the upcoming halving.

Crypto Friday – Triangles formations for the two largest coins, a week before the upcoming halving of Bitcoin.
-Bitcoin above $70K again, on a day with a huge volume of Crypto options expiring, which could ease the move and have a bullish breakout over the weekend.
-Ethereum looks ready to attack $3700 with a triangle formation

The weekend is just around the corner and the crypto market seems to be recovering after a bumpy ride week. After starting the week with momentum that shot the price of BTC above $72,000, the market took a step back – taking profits by the middle of the week, as it now appears that crypto traders are preparing for another bullish wave.
-Crypto markets are the only ones that work on the weekend and that’s usually when the “big surprises” happen. However, the weekend looks promising with the majority of tokens trading in gains.

At the time of writing, the global market cap of the entire Crypto sector is up 0.24% to $2.64 trillion in the last day. Volumes remain 18% below average, indicating residual bullish potential that could be realized over the weekend.

Crypto Markets Overview:
Bitcoin is making a lift in the general market today. BTC is currently trading at $70,791, up 0.19% in the last 24 hours. Also, its trading volume in the last day fell by 19% to $30.2 billion with a real market capitalization of $1.39 trillion.
-Nevertheless, BTC dominance currently 52.96%, indicating an increase of 0.20% – hinting at a focus among Crypto traders on BTC in light of the upcoming Halving.

THE BITCOIN TECHNICAL PICTURE:
-Long Trend and Triangle Formation immediately below ATH levels.
-DeMarker Oscillator bullish, holding in neutral, just below the overbought limit.
-Sequential prinits down 1st.
-A break and close above the $72.5K levels today or over the weekend would be taken as a bullish indication, with a breakout of the triangle formation. This will shoot Bitcoin to ATH levels /$73,797/ in an attempt to set a new all-time high and pass the psychological $74K.

Alternatively: A break and close below the $65K levels spoils the bullish scenario, as sell pressure will increase and Bitcoin will head towards the 62.5K levels, looking for support at the 65MA, just above the 23.6FIBO of the main Long.

On the altcoins front:
Ethereum, the second largest cryptocurrency, also posted modest gains today, holding in an ultra-passionate range. Ethereum managed to reach the $3,600 mark earlier this week, but failed to sustain the momentum, and is currently trading just above 23.6FIBO on the main Long. was able to dump his profits to trade in the middle. Volumes are still subdued at 16.7% below average – suggesting a wait-and-see attitude among traders.

THE TECHNICAL PICTURE AT ETHEREUM
-Long Trend and Triangle Formation
-DeMarker Oscillator bullish, holding in neutral just below the overbought limit.
-Sequential starts down printing.
-Successful retest of the breakout above the main Long trend channel and strong support of 65MA.
-A break and close above the $3,680 levels today or over the weekend will be taken as a breakout of the triangle formation and a Bullish indication of a re-attempt to break above the psychological $4K

Alternatively: A break and close below the $3,300 levels will spoil the bullish scenario, as it will be a strong bearish signal, as there will be a break of the triangle formation, 65MA and ex resist line of the trend channel. This will send the quotes towards the $3,000 levels in search of support.