Focus on the change of the volume

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The market remained a strong shock as all the major tokens rose. The BTC market hovered around the level of $6,600. But from the movement of the 1-hour chart, after the volume increased, the subsequent volume decreased. Thus, in the short-term, we should be careful that the market falls back from the high positions if the volume keeps decreasing. At the same time, a divergence has shown up in the MACD of the 1-hour chart, which indicates that an adjustment is required. Moreover, the pressure at $6,800 is heavy. in this case, longs should be more careful. Focus more on the pressure at $6,800. If the market keeps surging with a low volume, short is a good choice when the market is close to the level of $6,800, and stop-loss at $6,800.

The volume of ETH dropped significantly, and the short-term high is temporarily located at the level of $138. If it continues performing hesitated, be careful. However, the movement of the 1-hour and 4-hours chart is strong, so the range of falling back would not be huge. Focus more on the support at $135, and the change of the volume. If it can break the short-term pressure at $138, long it.

#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD

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