if it breaks the support at $6250,short it&stop-loss at $6300

The market remained a weak adjustment as all the major tokens plunged. The BTC market hovered around the level of $6,300. As for now, the MACD of the 1-hour chart was weakened, which means the adjustment has not over. We need to be careful that a dead cross shows up in the MACD of 4-hours chart. Once the dead cross shows up, the market would tend to step back to the support at $6,000, which is also the position of the MA20. In the short term, the overall situation does beneficial to the shorts. if it breaks the support at $6,250, short it and stop-loss at $6,300.

From the movement of the ETH market, it failed at breaking the $135 mark several times. The low volume kept telling us that it was a temptation, and the market would fall back. The 1-hour chart and 4-hours chart are weakened, and the MACDs are almost into the zero axis. We should be careful and focus more on the support at $131.


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