The market presented an adjustment of which strength was weak. Even the America Stock market surged, the market was not driven by it, which indicated that the moods were down. However, the BTC market still stood above the MA5 and remained shocked from $4,800 to $6,000. Each dip should be the buying in points if the support at $4,800 can be held. Thus, buy low and sell high while stop-loss at $4,750 in this range should be available. In the 4-hours charts, the lowest point gradually rose. As time goes, a triangle will show up, which means that the turning points of the market are coming. Continue focusing on the support at $4,800.
The performance of ETH is much weaker. Since its pressure at $120 was strong, once it is broken, it would be the signal to long ETH. Its lowest point has gradually risen also, but the downtrend still remained. Besides, its indicators such as MACD all indicated bearish signals. As the short-term rebounds all cannot recover the MA5, we should be careful of another decline while longs is weakened.
#BTC #BTCUSD #Cryptocurrency
The performance of ETH is much weaker. Since its pressure at $120 was strong, once it is broken, it would be the signal to long ETH. Its lowest point has gradually risen also, but the downtrend still remained. Besides, its indicators such as MACD all indicated bearish signals. As the short-term rebounds all cannot recover the MA5, we should be careful of another decline while longs is weakened.
#BTC #BTCUSD #Cryptocurrency
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.