After the decline, the market rose back by a few but the market was still bearish. BTC once touched the level of $6,000. From the movement of the 4-hours chart, MACD has already run into the zero axis. At the same time, the candlesticks chose to go down in the daily chart. Those signals above all indicated to us that the market was on the process of the adjustment. Even the decline seems better now, but the short-term trend is still led by shorts, any operation should be careful. unless the short-term rebound can be back above the level of $6,400, if not, we should hold shorts position. Focus more on the support at $6,000.
ETH could not stand on the $140 mark. with the limit by MA20, at last, it chose to decrease and broke all the moving averages, which presented a bearish page to us. And the 1-hour and 4-hour chart are weakened, the adjustment is ongoing. Shorts positions can be held continuously and cash out if it rebound back above $130. if not, continue shorting it. $120 is the last defend during this adjustment.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
ETH could not stand on the $140 mark. with the limit by MA20, at last, it chose to decrease and broke all the moving averages, which presented a bearish page to us. And the 1-hour and 4-hour chart are weakened, the adjustment is ongoing. Shorts positions can be held continuously and cash out if it rebound back above $130. if not, continue shorting it. $120 is the last defend during this adjustment.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency