The market continued the rebound as all the major tokens boosted. The volume of the BTC market increased, and brought the market to break the $6,000 mark, and even once attack the low level of$6,400 last December. Now the BTC market has recovered the MA10. The MACD of the 4-hours chart has been back above the zero axis, which means that the longs started playing the main role in the short-term market. After the $6,000 mark was broken, the market is about to step back. If the $6,000 can be held, buying in when dips is available. And the market is likely to attack the above pressure again, we should focus more on the pressure at $6,400.
The ETH market has broken the pressure at $140, but the volume, while it broke the pressure, was low, so the broke, in this case, was defined as a fake break. As for now, it has risen back by a few. However, the movement is gradually turning into a bullish market as the fast line of the MACD in the 4-hours chart has been back above the zero axis. After a short adjustment, it will arrange an attack to $140 again. The short-term support is located at $130, if it can be held, each dip would be the buying in point.
#BTC #BTCUSD #Cryptocurrency
The ETH market has broken the pressure at $140, but the volume, while it broke the pressure, was low, so the broke, in this case, was defined as a fake break. As for now, it has risen back by a few. However, the movement is gradually turning into a bullish market as the fast line of the MACD in the 4-hours chart has been back above the zero axis. After a short adjustment, it will arrange an attack to $140 again. The short-term support is located at $130, if it can be held, each dip would be the buying in point.
#BTC #BTCUSD #Cryptocurrency
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