BitOfferEN

Focus more on the pressure at $6,600.

HTX:BTCUSDT   Bitcoin / Tether USD
The market remained shocking at the high positions. The BTC market hovered around $6,400 as the volume was low. From the movement of the MACD in the 1-hour chart, the strength of the longs is weakened since the volume remained low. If it can be held at $6,400, then it would be fine. In addition, the MACD of the 4-hours chart has gradually been back to the zero axis, it limited the plunge range to some extents. It matched the support at $6,400. It still boosted in the short term, but the above pressure at $6,600 was heavy. For the short-term attack to it, we need focus on the change of the volume. Once any surge with a low volume happens, the high level would be the opportunity to short it. Focus more on the pressure at $6,600.

The ETH market remained narrow shock, but the short-term bearish signals have been solved. A golden cross has shown up in the MACD of the 30-mins chart. The MACD of the 4-hours chart became stronger, which means the short-term market is likely to surge. But the essential problem still exists: the volume. It remains low so that the rebound space is limited. Focus more on the pressure at $135.

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#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD

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