Reviewing the market until now, all the major tokens surged and fell back as BTC once broke the $6,800 mark while the volume was insufficient, then fell back to the support at $6,400. With the American stock market boosted, a divergence showed up in the MACD of the 4-hours chart, which means that the market will start adjusting while the support at $6,400. The rise without enough volume is a temptation. In addition, the BTC market has stayed too long at $6,800, it did harm to the longs. We should be careful that the market falls back, and focus on the support at $6,400.
ETH once broke the pressure at $140, but the volume remained low so it significantly fell back. We have mentioned that the short-term rebound of ETH has limited by the level of $140. We should notice that the fast line of the MACD in the 1-hour chart is already in the zero axis, which means an adjustment is required. Focus more on the support at $130, short it if it cannot be held.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
ETH once broke the pressure at $140, but the volume remained low so it significantly fell back. We have mentioned that the short-term rebound of ETH has limited by the level of $140. We should notice that the fast line of the MACD in the 1-hour chart is already in the zero axis, which means an adjustment is required. Focus more on the support at $130, short it if it cannot be held.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency