Crypto market has fallen sharply due to default crisis of Chinese real estate giant.
BTC couldn't keep $48,000, it was a factor that caused the plunge from a technical point of view.
Most recently, head and shoulders are formed on a daily basis. Attention is focused on the neckline around $44,000.
Once it broke through this line and plummeted to around $40,000, buying repulsion was strong, and it recovered to $43,000 at once.
Although we were able to confirm the strength of the downside, there was a short-term rebound.
There is a high possibility that it will be targeted by shorts.
With the FOMC ahead, there is little willingness to buy from here, it seems likely that the range market will continue without a sense of direction.
BTC couldn't keep $48,000, it was a factor that caused the plunge from a technical point of view.
Most recently, head and shoulders are formed on a daily basis. Attention is focused on the neckline around $44,000.
Once it broke through this line and plummeted to around $40,000, buying repulsion was strong, and it recovered to $43,000 at once.
Although we were able to confirm the strength of the downside, there was a short-term rebound.
There is a high possibility that it will be targeted by shorts.
With the FOMC ahead, there is little willingness to buy from here, it seems likely that the range market will continue without a sense of direction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.