$BTC $ETH The big waterfall is coming again?
RSI is close to the oversold zone in the 4-hour cycle. Although there is a rebound trend, the strength is not strong. The EMA moving average distribution shows an obvious downward trend, shorts are dominant, and long buying power is insufficient.
The daily K-line closed negative continuously, so most people in the market chose to wait and see. The 1-hour fast line continued to decline, especially the MACD technical indicator was in the negative area, but the DIF line began to turn upward, and there may be signs of a golden cross, but the space is limited.
The hourly RSI is close to the oversold range, and there may be a rebound at this time. At present, the position of 59500 is not suitable for both long and short positions. The pressure level is between 60600-61000, and the support level is between 58000-58500.
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