Buying the dip below Bitcoin is starting to increase again.


This morning, Bitcoin spiked around 64,000.
Ethereum spiked around 1,700.
There is still some distance from the true resistance levels.
Bitcoin has strong resistance again around 65,000.
Ethereum has strong resistance again around 1,880.
Because Ethereum remains weak versus Bitcoin in the exchange rate,
If Bitcoin reaches 65,000 and Ethereum can reach 1,800, that would still be considered overly optimistic about it.
After the weekly chart closes today,
Currently, based on the weekly chart, both Bitcoin and Ethereum are near the MACD turning point at the weekly level.
The weekly-level pullback still hasn’t ended.
U.S. stock futures put in a big bearish candle on the weekly chart,
and they’re still at high levels.
This week, SpaceX launches and then the World Cup starts.
The market will further be drained of liquidity.
Overall,
this week is still a bearish week.
On Monday, the early-morning rebound in Bitcoin and Ethereum caused the liquidation of some large short positions.
If the large orders above get blown out this week, the bearish trend should continue.
BTC2.38%
ETH5.07%
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