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From the 4-hour level candlestick view, $BTC is still bearish! The candlestick clearly shows that the price is below the three moving averages, with the yellow 20-period moving average below the blue 60-period moving average and the red 120-period moving average, presenting a bearish arrangement, 【Bearish】.
Currently, capital inflow is less than outflow, and on-chain transfers also show inflows less than outflows, indicating that the market may continue to be 【Bearish】.
The price of $92000 is the most recent and strongest support; secondly, the price of $88000 is the second support; the lowest and strongest support is $83000, which is also near the 120-period moving average on the daily candlestick level, but the likelihood of falling to $83000 is not very high.
Currently, capital inflow is less than outflow, and on-chain transfers also show inflows less than outflows, indicating that the market may continue to be 【Bearish】.
The price of $92000 is the most recent and strongest support; secondly, the price of $88000 is the second support; the lowest and strongest support is $83000, which is also near the 120-period moving average on the daily candlestick level, but the likelihood of falling to $83000 is not very high.
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ETH
3,321.83
-3.61%
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