Bitop Analysis: Bitcoin & Ethereum Fatigue Fuels Short Opportunities

Bitcoin and Ethereum price action displays signs of fatigue after recent interest rate cuts and earnings events. The previous rally now appears to be a dead cat bounce, with both assets failing to break through key resistance levels. While Bitcoin touched its high on October 27 before encountering resistance at $116,400, and experienced a subsequent decline until reaching $106,304, Ethereum failed to reach its previous high of $114,000 after experiencing a similar downward trend, indicating weak bullish momentum. Both assets are now breaking below their respective support levels and signaling potential short opportunities.