Although the sharp red candles in Bitcoin yesterday made the market a bit uneasy, major altcoins continued their ascent unaffected by this drop. In an environment where the direction is not entirely clear, and especially with the announcement of U.S. inflation at 16:30 today, as mentioned on our Twitter account, you should avoid taking too many trades.

‣ Bitcoin (BTC): The BTC/USD pair is currently trading at $41,644 with a 0.93% increase as of the time of writing. Resistance levels for BTC are in the range of $42,027 – $42,350, and support levels are in the range of $41,600 – $40,800.

‣ Ethereum (ETH): The ETH/USDT pair is currently trading at $2,229 with a 0.19% increase as of the time of writing. Resistance levels for ETH are in the range of $2,252 – $2,294, and support levels are in the range of $2,187 – $2,077.

‣ Avax (AVAX): The AVAX/USD pair is currently trading at $42.38 with an 11.37% increase as of the time of writing. Resistance levels for AVAX are in the range of $57.59 – $70.55, and support levels are in the range of $35.36 – $31.79.

‣ Polkadot (DOT): The DOT/USD pair is currently trading at $7.01 with a 4.50% increase as of the time of writing. Resistance levels for DOT are in the range of $7.21 – $7.76, and support levels are in the range of $6.50 – $5.96.

‣ Injective (INJ): The INJ/USD pair is currently trading at $0.2880 with a 3.46% increase as of the time of writing. Resistance levels for INJ are in the range of $33.11 – $36.29, and support levels are in the range of $22.84 – $19.61.

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