#BTC (daily chart). Bitcoin continues to squeeze to the veriest edge of the Pennant, which it has not been possible to overcome for the last seven days.
At the same time, each subsequent attempt to storm the resistance around $ 35,000 is accompanied by a decrease in trading activity, which indicates a weakening of buyer pressure.
This increases the probability of a local pullback of the asset to the 0.236 Fibonacci retracement level ($33,280) before resuming growth.
The RSI line is preparing to test the previously overcome exponential moving average EMA 21, from which a rebound of the indicator values is likely.
Then we expect an upward breakout of the formed technical figure and the movement of Bitcoin to the upper boundary of the ascending channel from the higher timeframe — to the area of $37,300.
Based on the reaction of the price to this resistance area, it will be possible to draw conclusions about further options for the development of events.
#ETH The asset made an upward impulse to the $1,830 mark, where the instrument was rolled back.
However, buyers could not keep Ethereum above the overcome resistance level of $1,810, fixing above which will ensure the recovery of the asset.
The total market value of digital assets has increased by 0.35% over the past day, the dominance of the main cryptocurrency has increased by 0.2%.
Today, at 21:00, the Fed will hold a meeting at which a decision will be made on changing the key rate.
On the eve of the event, increased volatility is possible in the market.
#BTC $BTC $ETH