Analysis from BitOffer Exchange: HODL!!!

The BTC market remained a narrow shock from $7,200 to $7,400. The boll brand in the 4-hours chart started contracting as the volume kept decreasing. In this case, the longs and shorts are both holding their power. Once the volume is low enough, the battle would happen again. The current market is still on the process of the uptrend, and keeps running in the range of the middle to the top of the BOLL brand. The middle of the BOLL brand provides strong support. So, buying in when dips if this support can be held. MACD is still running above the zero axis, which means the longs still takes the lead. Before the situation is broken, the market is still bullish.

ETH now is located in the position between the middle and the top of the BOLL brand, the longs is strong. Hold your positions when the support now is held. The MACD of the 4-hours chart presented a dead cross, but it was still running above the zero axis, which means the adjustment is required. Buying in when dips until the MACD drops below the zero axis.


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