The market punched down as the numbers turned into reds. The performance of BTC is weakened. From the 1-hour chart, the BTC market attacked the level of $9,600 then be limited by the shorts and fell back. The red pillars of the MACD started being contracted which means that an adjustment is required after the rebound. The long-term averages are still dropping. The shorts remained strong, we should focus on the support at $9,200.
The ETH market performed strongly as it broke the resistance at $200 with a high volume, then was limited by the shorts so that failed at defending at $200. From the movement of the 1-hour chart, the red pillars of the MACD started contracting. A callback is upcoming, focus on the support at $198. HODL if it can be held at this position.
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The ETH market performed strongly as it broke the resistance at $200 with a high volume, then was limited by the shorts so that failed at defending at $200. From the movement of the 1-hour chart, the red pillars of the MACD started contracting. A callback is upcoming, focus on the support at $198. HODL if it can be held at this position.
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