#GateProofOfReservesReport Bitcoin: The Bullish Cup & Handle
Bitcoin is currently caught in a classic Cup and Handle pattern. The "Handle" has been forming just below the $92,400 resistance level.
The Bull Case: A daily close above $92,400 would validate the pattern, likely triggering a push toward $94,870 and eventually the technical target of $106,630.
The Bear Case: Failure to break out could lead to a retest of the 20-day EMA and the psychological $90,000 level. Notably, there is a dense "liquidation zone" for long positions between $89,000 and $90,500.
Ethereum: The Defensive Stand
ETH is