Unlimited QE announced by FED, the global stock markets rebounded sharply. However, the performance of the BTC market was normal, the market remained a narrow shock as BTC hovered around the level of $6,600. Today is the fifth day after the golden cross showed up in the daily chart, the short-term market must attack the pressure at $6,800 while the critical point is closing. The 4-hours chart is on the process of an uptrend, if it remains to be quiet, long should be patient and be careful about the short-term fallback. In the short-term market, if the market can break the level of $6,800 and activate the above space, then longs could start entering the market.
ETH remained shocking at a high position and sideways are presented in the 1-hour chart. As the market is still adjusting and limited by the level of $140, it means that the capitals keep calm in this position, we should be patient and wait. However, from the movement of the 4-hours chart, longs is strong, and it does beneficial to the rebound. Wait until the level of $140 broken will be available.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
ETH remained shocking at a high position and sideways are presented in the 1-hour chart. As the market is still adjusting and limited by the level of $140, it means that the capitals keep calm in this position, we should be patient and wait. However, from the movement of the 4-hours chart, longs is strong, and it does beneficial to the rebound. Wait until the level of $140 broken will be available.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency