The market remained a strong shock as all the major tokens rose. The BTC market hovered around the level of $6,600. But from the movement of the 1-hour chart, after the volume increased, the subsequent volume decreased. Thus, in the short-term, we should be careful that the market falls back from the high positions if the volume keeps decreasing. At the same time, a divergence has shown up in the MACD of the 1-hour chart, which indicates that an adjustment is required. Moreover, the pressure at $6,800 is heavy. in this case, longs should be more careful. Focus more on the pressure at $6,800. If the market keeps surging with a low volume, short is a good choice when the market is close to the level of $6,800, and stop-loss at $6,800.
The volume of ETH dropped significantly, and the short-term high is temporarily located at the level of $138. If it continues performing hesitated, be careful. However, the movement of the 1-hour and 4-hours chart is strong, so the range of falling back would not be huge. Focus more on the support at $135, and the change of the volume. If it can break the short-term pressure at $138, long it.
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
The volume of ETH dropped significantly, and the short-term high is temporarily located at the level of $138. If it continues performing hesitated, be careful. However, the movement of the 1-hour and 4-hours chart is strong, so the range of falling back would not be huge. Focus more on the support at $135, and the change of the volume. If it can break the short-term pressure at $138, long it.
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
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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.