WAVY COURSE IN THE CRYPTO MARKET: BTC AND ETH
A volatile course has been observed in the Bitcoin (BTC) and Ethereum (ETH) markets recently. BTC retreated to levels of 96.000$ during the day, then rose to around 96.700$ . These movements offer opportunities for short-term buy-sell strategies in the market.
In terms of technical analysis, a “death cross” formation has formed on the four-hour chart, indicating a downward trend. On the hourly chart, the fact that the price could not break the middle band indicates that a correction may occur in the evening hours. For this reason, short positions can be evaluated at levels of 96.700$ ; Around 96.000$ , slightly long positions can be considered.
On the Ethereum side, long positions can be opened in the range of 3.400-3.430$ and 3.520$ can be targeted. However, it should be noted that the markets may move with the opening of the US stock exchanges. Therefore, trading strategies should be adjusted according to the opening of the US markets.
As a result, a fluctuating course continues in the BTC and ETH markets, and technical indicators indicate short-term corrections. Investors are advised to adjust their positions by taking into account the opening of the US stock exchanges.
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES, AWAY FROM SPECULATION❗️ Be sure to do your own research❗️
