Date: Jun 28, 2022 — Jul 1, 2022
This week, the crypto market did not continue the rebound trend of last week, but fluctuated downward.
BTC weekly turns negative. The daily line encountered resistance and the left side of the consolidation area engulfed last week's gains. The structure has evolved from a potential head and shoulders bottom to a box shape, and...
Date: Jun 20, 2022 - Jun 24, 2022
This week, the crypto market has experienced an oversold rebound after an accelerated fall and panic selling.
BTC took advantage of the trend to break the $20,000 mark on the weekly line and then recovered again. The daily yin and yang columns alternated and fluctuated higher. At present, bulls have the advantage. Pay attention...
Date: Jun 13, 2022 - Jun 17, 2022
This week, the crypto market broke down and continued the downward trend.
BTC's weekly heavy volume accelerated and fell, and the daily convergence pattern chose to go down. After reaching the psychological support price of the 20,000 mark, the competition between long and short positions intensified, and long shadow lines began...
This week, the crypto market was in rounding top pattern.
BINANCE:BTCUSDT
Under the divergence of weekly volume and price, BTC did not break a new low and continued to rebound slightly. Once again blocked by MA120, the second band of the daily line is smaller than the last one, and the amount of energy is weakened synchronously. The end of the triangle...
This week, the crypto market fell and got weakened again.
HUOBI:BTCUSDT
The weekly line of BTC fluctuated and fell. The front shadow continued to drop, and the daily range was weak and consolidated. The fluctuation range was further reduced. The probability of breaking down at the end of the convergence pattern was greater. The support range is 26000-27000 and...
Bitcoin has lost nearly 36% of its value in the past few weeks, and BTC has been tugging at the $30,000 in the last two weeks. Prices are consolidating within a key demand area. However, given the current global market sentiment and recent price action, it seems premature to mark the current area as a bottom.
Kavita Gupta, founder of Delta Blockchain Fund, said...
This week, the rapid decline of the crypto market has come to an end, and the market has entered a repair stage. But the market sentiment is still in panic.
BTC/USDT
BINANCE:BTCUSDT
The BTC weekly line is currently showing eight consecutive negative. The trend has not yet shaken off the partial suppression of the previous shadow line. Within the range of...
This week, the crypto market was in a downtrend.
BTC’s week k-line continued its fluctuated downward trend after rise to new lows. The day K-line downward channel broke down, and the potential double-bottom reversal structure was destroyed. The long will regain the advantage when the day k-line come back to be above 38500. the support range is 33500-34500, the...
In this week, the crypto market as a whole showed a downward trend, and BTC has been fluctuating around the 5-day MA120 recently. The long and short sides hesitate, and the monthly line is about to close.
According to the current retracement rate, the trend is bearish, and the day k-line fluctuates lower. However, the decline in the densely traded area near the...
