Today's cryptocurrency market is totally repulsive.
ETC temporarily rose by more than 50% from the previous day.
However, it has fallen again in the latest.
The market environment is unstable.
Under such circumstances, BTC has entered a very important phase. It is a battle to keep at $36,000.
If it breaks below this level, the pessimism of the market will be great. It could plummet to $30,000 again.
On the other hand, if you keep this line,
Aware of resilience, it will rise to around $48,000 in the short term. It is likely to be a market price.
$36,000 has a horizon, a 5-day MA, and a downtrend line, may function as a support line, with a certain thickness.
If you see any movement toward the rise, set this line as the loss cut line.
Strategies that take a rise in the short term may be effective.
Pay attention to the latest price movements.
ETC temporarily rose by more than 50% from the previous day.
However, it has fallen again in the latest.
The market environment is unstable.
Under such circumstances, BTC has entered a very important phase. It is a battle to keep at $36,000.
If it breaks below this level, the pessimism of the market will be great. It could plummet to $30,000 again.
On the other hand, if you keep this line,
Aware of resilience, it will rise to around $48,000 in the short term. It is likely to be a market price.
$36,000 has a horizon, a 5-day MA, and a downtrend line, may function as a support line, with a certain thickness.
If you see any movement toward the rise, set this line as the loss cut line.
Strategies that take a rise in the short term may be effective.
Pay attention to the latest price movements.
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.
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.