The market continued the rebound as all the major tokens boosted. The volume of the BTC market increased, and brought the market to break the $6,000 mark, and even once attack the low level of$6,400 last December. Now the BTC market has recovered the MA10. The MACD of the 4-hours chart has been back above the zero axis, which means that the longs started playing the main role in the short-term market. After the $6,000 mark was broken, the market is about to step back. If the $6,000 can be held, buying in when dips is available. And the market is likely to attack the above pressure again, we should focus more on the pressure at $6,400.
The ETH market has broken the pressure at $140, but the volume, while it broke the pressure, was low, so the broke, in this case, was defined as a fake break. As for now, it has risen back by a few. However, the movement is gradually turning into a bullish market as the fast line of the MACD in the 4-hours chart has been back above the zero axis. After a short adjustment, it will arrange an attack to $140 again. The short-term support is located at $130, if it can be held, each dip would be the buying in point.
#BTC #BTCUSD #Cryptocurrency
The ETH market has broken the pressure at $140, but the volume, while it broke the pressure, was low, so the broke, in this case, was defined as a fake break. As for now, it has risen back by a few. However, the movement is gradually turning into a bullish market as the fast line of the MACD in the 4-hours chart has been back above the zero axis. After a short adjustment, it will arrange an attack to $140 again. The short-term support is located at $130, if it can be held, each dip would be the buying in point.
#BTC #BTCUSD #Cryptocurrency
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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.