What happened last night?
Overall, the market has remained stable, as can be seen from an analysis of total market capitalization, which has stagnated at $211 billion.
The Bitcoin is still evolving laterally for the moment staying around $6,740 still in its trading range with its support at $6,650 and its resistance at $6,800. Over a period of 1 hour, the evolution of the technical indicators is uncertain with a and that evolve in a neutral way and a WaveTrends that crossed with a downside risk.
However, over a 4-hour horizon, the indicators are negative with a WaveTrends and a that evolve with a downward trend.
In conclusion, this sideways market could head in both direction, that's why you must use stop-loss if you try to profit from opportunities on the market !
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