The market boosted and fell back as the BTC once attacked the pressure at $6,800, but then fell back sharply. Even then, the 4-hours chart of the BTC market became stronger, and the pressure is still located at $6,800 and presented a rising triangle. As the time goes, the turning point will come soon. But the volume was not that perfect, it was important to the market can break the pressure at $6,800 or not. If the volume keeps low, the rebound would not last for long. So, when we focus on the pressure at $6,800, we should also pay attention the the change of the volume.
ETH also remained shocked at a high position and ran as we expected: after the short-term market broke the level of $137.5, it did surge, but then fell back significantly. The current MACD of the daily chart presented a golden cross, but it is weak. Thus, the rebound space is limited. In the short-term, hold your positions while the support at $137.5 can be held.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
ETH also remained shocked at a high position and ran as we expected: after the short-term market broke the level of $137.5, it did surge, but then fell back significantly. The current MACD of the daily chart presented a golden cross, but it is weak. Thus, the rebound space is limited. In the short-term, hold your positions while the support at $137.5 can be held.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency