Good morning, currently hovering around 2040. From a technical perspective, the short-term trend has weakened and is generally bearish. Specifically, the price has broken below the short-term moving averages, indicating insufficient upward momentum. The MACD indicator is also in a death cross, with bearish momentum still being released. The Bollinger Bands are narrowing, and the price is hugging the lower band, indicating market compression and an imminent decision on direction. The likelihood of a downward move appears greater at the moment.



Bitcoin faces resistance around 70400-71200, with potential tests of the 69200-68000 range thereafter;

Ethereum faces resistance around 2050-2080, with potential tests of the 2000-1955 area.
BTC-1,61%
GT-0,99%
ETH-2,45%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin