The market continued the rebound as all the major tokens boosted. The performance of BSV was the best. The BTC market once broke the pressure at $6,400, and touched the level of $6,600 and fell back since the level of $6,600 is the position that the MA 5 weeks is at. As for now, the strength of buyers in the MACD of the 1-hour chart was weakened, and the volume was low. Thus, it is hard for the market to break this position at once. In this case, the market is likely to drops back. Focus on the support at $6,400.
ETH recovered several moving averages and solve the bearish situation. But the strength of the break was not that strong, which means the attitude of the capitals was not clear. In addition, the strength of the buyers is weakened, and a dead cross is about to show up. However, the MACD of the 4-hours chart is getting closer to the zero axis, it limits the space that the market falls back to some extents. Focus more on the support at $132.
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#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
ETH recovered several moving averages and solve the bearish situation. But the strength of the break was not that strong, which means the attitude of the capitals was not clear. In addition, the strength of the buyers is weakened, and a dead cross is about to show up. However, the MACD of the 4-hours chart is getting closer to the zero axis, it limits the space that the market falls back to some extents. Focus more on the support at $132.
Earn 180% profit within 1 min: bitoffer.com/en/digital
#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.