Today I was wondering if the market is going according to our expectations. Sometimes everything seems to be going well, and sometimes something suddenly goes down. So, let's take a look, what is the current state of HIVE, BTC and ETH/BTC.

$HIVE

HIVE is trading around $0.1037 – $0.1039 today. The price has decreased slightly in comparison and the 24-hour volume is not very high. I noticed that HIVE is looking a little weak in comparison. If this weakness increases further, the next support could be around $0.0969. Holding this level could create an opportunity for the price to move up again.

On the upside, the $0.1067 and $0.1096 levels need to be surpassed, and then the market will start to move a little bullish. I think the most important thing for HIVE right now is to be patient and watch. Making sudden decisions can be dangerous.

Bitcoin (BTC)

Looking at BTC — it is trading around $91,270 and the bullish structure is still in place on the high time frame. The higher highs and higher lows indicate that the trend is still strong. The daily chart is a little undecided, but I personally think BTC is relatively stable and relatively low risk.

ETH/BTC

The ETH/BTC pair is showing a bit of a mixed signal right now. A bullish gap has formed, which is being retested today. If ETH can maintain its strength, then ETH could move slightly higher relative to BTC. However, if the gap breaks, then BTC’s strength will be higher relative to ETH. I think this is a matter of concern for medium-risk investors.

My personal observation

HIVE is now entering a period where it is okay to keep small bets, but it is not right to make sudden decisions. BTC is relatively safe and stable. The ETH/BTC pair is still a little risky, but there is room for potential.

The market is always probabilistic, not certain. When I look at HIVE or BTC, I don't just look at the chart — I also look at the underlying conditions, volume, and underlying market sentiment. That's why analysis for me is not just about forecasting the price, but also about creating an outline of the reaction.