The market remained a sharp volatile. BTC once broke the $7,000 mark and created the new high since it rebounded. However, after then, the market fell back after it boosted with a high volume. As for now, it has been back to the level of $6,800. In the short-term, a dead cross has shown up in the MACD of the 1-hour chart, which is above the zero axis. It seems that an adjustment is required. But in the 4-hours chart, the market is still bullish. We should focus on the support at $6,600 while the short-term adjustment. if it can be held, keep holding it is available. In addition, from the weekly chart, $7,000 is too heavy, even it has been once broken, but it cannot be held, it indicated that the longs is not that confident in this case. Moreover, the MACD of the weekly chart is still weak. Aggressive operations are not available.
ETH surged and then fell back, once attacked the level of $150. It was closed to the high on March 20th, but the pressure at that position is heavy. At the same time, the MACD of the daily chart still ran below the zero axis, so the boost was limited. But from the 1-hour and 4-hours chart, the market is still bullish. After the fall-back, the strength of the longs is weakened, the probability of attacking the level of $150 is reduced. Focus more on the support at $140.
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ETH surged and then fell back, once attacked the level of $150. It was closed to the high on March 20th, but the pressure at that position is heavy. At the same time, the MACD of the daily chart still ran below the zero axis, so the boost was limited. But from the 1-hour and 4-hours chart, the market is still bullish. After the fall-back, the strength of the longs is weakened, the probability of attacking the level of $150 is reduced. Focus more on the support at $140.
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Join my group: t.me/bitofferen