The market rebounded as the performance of BSV, BCH and EOS were awesome. A dead cross has shown up in the MACD of the 4-hours chart, which means an adjustment is required while the support at $6,000 is located at the MA5. The BTC market has completed the step back, but from the movement, it remained shocked in the range between $6,000 to $6,400. The short-term pressure at $6,400 is strong, it is also the low level in last December. Only after it broken, the rebound can last. We should focus more on the pressure at $6,400, long after it is broken.
The rebound strength of the ETH market was normal, the weekly MACD fast line has run into the zero axis, it will limit the rebound space as the pressure is located at $150. In the 30-mins and 1-hour chart, the market remained shocked as the volume was low. In this case, the rebound is limited by the level of $137.5. Long after it broken while the support at $130.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
The rebound strength of the ETH market was normal, the weekly MACD fast line has run into the zero axis, it will limit the rebound space as the pressure is located at $150. In the 30-mins and 1-hour chart, the market remained shocked as the volume was low. In this case, the rebound is limited by the level of $137.5. Long after it broken while the support at $130.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.