WIPHOO

WIPHOO

In the 1-hour time frame, we can currently see that gold has formed a higher low in a descending triangle pattern, which tends to indicate that the price could fall to the support level within the rectangle, which is the support level according to the 99-period moving average in the daily time frame. If it breaks below the upper resistance at the polarity point, ...

WIPHOO

Now, Bitcoin has failed to surpass the 99-day moving average after retesting it three times and forming lower highs. Additionally, the MACD indicator has crossed downwards, signaling short-term bearish momentum on the 1-hour timeframe. This suggests that it may be an opportune time to capitalize on short-term profits.