The market continued a weak adjustment as the BTC market met the resistance at $6,900. The longs temporally kept being careful. In the 1-hour chart, the market rebound resistance and the falling pressure crossed, which means that the market is about to choose the direction. We should focus on the pressure at $6,900; Before it is broken, long is too risky. Buying a put options contract on BitOffer Options while the market breaks the support would be the most profitable and safe strategy. The strength of the support at $6,750 needs to be tested.
The ETH market rebounded with a low volume, the shorts punched the longs again. In the 1-hour chart, a golden cross below the zero axis showed up in the MACD. Even the longs once tried to attack, but the strength was too weak. And the MACD indicates that the market has a requirement to fall back. Short while each high position is available. Focus on the support at $167.
Binance Options Copied from BitOffer: medium.com/@SorosLamfer/the-king-of-copy-binance-cheated-again-52a7c971cbf7
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#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
The ETH market rebounded with a low volume, the shorts punched the longs again. In the 1-hour chart, a golden cross below the zero axis showed up in the MACD. Even the longs once tried to attack, but the strength was too weak. And the MACD indicates that the market has a requirement to fall back. Short while each high position is available. Focus on the support at $167.
Binance Options Copied from BitOffer: medium.com/@SorosLamfer/the-king-of-copy-binance-cheated-again-52a7c971cbf7
Register and Get 50 USDT Bonus: bitoffer.com
Join our group: t.me/bitofferen
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
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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.