As the stock market got warmer, the cryptocurrency market surged. The increase of BSV once reached 30%, while that of BTC and ETH is more than 10%. Longs has taken the lead of the market. The movement ran as we analyzed several hours ago: After breaking the $6,000 mark, the BTC market stepped back, and each dip would be the buy-in point if the $6,000 mark can be held. Due to the 4-hours MACD indicator kept getting stronger, the bullish market has been presented in the short-term market. As for now, BTC has broken the level of $6,400, which was the low-level last year, which means the market will surge again in the short term. The current pressure is located at $7,200. Buying in when dips if the $6,400 level can be held.
The performance of ETH was also great at this moment. After a new candlestick showed up in the 4-hours chart, it directly surged and broke the pressure at $140 while the MACD of the 4-hours chart went back above the zero axis. "The next bull" I mentioned before has come. The current pressure is located at $160. In the short term, the rebound has not ended. Especially after it broke the last pressure, the following dips will be the buy-in points. Focus more on the pressure at $160.
The performance of ETH was also great at this moment. After a new candlestick showed up in the 4-hours chart, it directly surged and broke the pressure at $140 while the MACD of the 4-hours chart went back above the zero axis. "The next bull" I mentioned before has come. The current pressure is located at $160. In the short term, the rebound has not ended. Especially after it broke the last pressure, the following dips will be the buy-in points. Focus more on the pressure at $160.
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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.