With the effect of Dow J, the market once rose and then fell back since the longs is still weakened. The MACD of the 1-hour and 4-hour chart of the BTC market remained bearish. In the short-term, it is hard to break the $6,000 mark. However, even the trend remained weakened, the shock range was not small. As we mentioned before, buy low and sell high in the space from $4,800 to $6,000 was available, and now we have seen that the profit space was huge. Besides, in the daily chart, the continuous long under hachure indicated that capitals continued inputting, which should be considered as a good signal. Focus more on the support at $4,800.
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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.