BTC & ETH Analysis on BitOffer: Focus on the supports now

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The market remained a strong uptrend as the longs took the lead. The performances of ETH, EOS, LTC were attractive while their changes were more than 6%. The BTC market hovered around the level of $7,300. The movements of the BTC market in the 1-hour and 4-hours chart were bullish. Even a divergence showed up in the MACD of the 30-mins chart, but we mentioned before, if the market can be held above the support at $7,200, after a short adjustment, it would be likely to challenge a new peak. The above pressure is located at the level of $7,600. In the short-term, buying in when dips while the support at $7,200.

ETH continued being bullish, and broke several pressures in a short period. The rising space has been activated. The market once surged to $176.3, and it was only one step away from the pressure at $180. However, the MACD of the 30-mins chart indicated that the market was on the process of the adjustment, but the short-term uptrend is strong. The adjustment is expected to be limited, after then, it is about to attack the above pressure again. Focus more on the support at $167.5.

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Penafian

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