The market plunged as the BTC market broke the support at $6,400. As we said before, rebound without volume should be considered as the temptation. And since it held on the level of $6,400 and did not attack the above level, we should care that the market falls back. From the movement of the 1-hour chart, the MACD has been into the zero axis, which means the short-term market will experience the adjustment. In addition, as the new line updated in the monthly chart, the market is likely to have a step back in April because of the new candlestick with a long lower shadow. In the short-term, the low volume cannot support the market to run above such a high level. Focus on the support at $6,250.
To the ETH market, the rebound without enough volume means that the capitals are not active, so it won't last long. As for now, the ETH market hovered around the level of $132, and the divergence in the MACD of the 1-hour chart plus the low volume, the market tends to experience an adjustment. However, the battle between longs and shorts becomes quiet. Before the result shows up, aggressive operations are risky. Focus more on the pressure at $135.
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#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
To the ETH market, the rebound without enough volume means that the capitals are not active, so it won't last long. As for now, the ETH market hovered around the level of $132, and the divergence in the MACD of the 1-hour chart plus the low volume, the market tends to experience an adjustment. However, the battle between longs and shorts becomes quiet. Before the result shows up, aggressive operations are risky. Focus more on the pressure at $135.
Earn 180% profit within 1 min: www.bitoffer.com/en/digital
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD