The market presented a gradual rise as all the major tokens started rebounding. Now the BTC market has stood above the MA5, and the current movement remained in a range from $4,800 to $6,000. We have mentioned several times that buy low and sell high within this range and stop-loss at $4,750 was available. Besides, as the Dow J futures index boosted, the American stock market is expected to experience an increase. Those signals all do beneficial to the market rebound. Even the MACD in the daily chart is still weak, but it has not refreshed the lowest point yet, which should be considered as a positive signal also. Focus more on the support at $4,800, if it can be held, buying in when dips is still available.
The movement of ETH is weaker than that of BTC, the rebound is weakened, and was not able to move back above the MA5. The short-term movement is still bearish, and we should pay more attention to the MA5. If the volume increases, the short-term rebound would last. Otherwise, we should be careful of the rebound with a low volume.
The movement of ETH is weaker than that of BTC, the rebound is weakened, and was not able to move back above the MA5. The short-term movement is still bearish, and we should pay more attention to the MA5. If the volume increases, the short-term rebound would last. Otherwise, we should be careful of the rebound with a low volume.
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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.