The market started attacking the above pressure as all the major tokens surged. The BTC market once broke the pressure at $6,800, then fell back since the MA20 limited its boost. However, as the 4-hours chart kept performing more and more bullish, the short-term market is still likely to challenge a higher level. We have mentioned that it had been the 4th day after the golden cross showed up, a turning point would show up in the short-term. If the level of $6,800 can be broken, the rebound would last. Focus on the pressure at $6,800.
ETH finally broke the level of $137.5, which was the recent pressure. After it was broken, the market became bullish also. In addition, the golden cross in the MACD of the daily chart does beneficial to the short-term rebound, it will push the market to be much more bullish to some extent. The current pressure is located at $150. If 137.5 is broken, it would be the buy-in point, and it would become the short-term support. Focus more on the support at $137.5, hold your positions if it can be held.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
ETH finally broke the level of $137.5, which was the recent pressure. After it was broken, the market became bullish also. In addition, the golden cross in the MACD of the daily chart does beneficial to the short-term rebound, it will push the market to be much more bullish to some extent. The current pressure is located at $150. If 137.5 is broken, it would be the buy-in point, and it would become the short-term support. Focus more on the support at $137.5, hold your positions if it can be held.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency