BTC and Ether again present the same pattern, with yesterday's daily chart closing as a medium bearish K candle entity pointing downwards, pulling back more than half of the space recovered from the previous day. This also breaks the strong bullish trend again, shifting from bullish to bearish, with a consistent alternation between bullish and bearish patterns recently.
The 4-hour K-line W pattern has just completed and is now drawing a door downwards. The K-line has broken the support of the EMA15 fast line at 79700. The MACD is continuously expanding downwards, and the descending trend is quite evident. Although there is a short-term rebound, the strength is weak, and it has not recovered the decline.
Operation suggestions BTC rebounded to around 81000-81500🈳, the target is initially set at 78000.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTC and Ether again present the same pattern, with yesterday's daily chart closing as a medium bearish K candle entity pointing downwards, pulling back more than half of the space recovered from the previous day. This also breaks the strong bullish trend again, shifting from bullish to bearish, with a consistent alternation between bullish and bearish patterns recently.
The 4-hour K-line W pattern has just completed and is now drawing a door downwards. The K-line has broken the support of the EMA15 fast line at 79700. The MACD is continuously expanding downwards, and the descending trend is quite evident. Although there is a short-term rebound, the strength is weak, and it has not recovered the decline.
Operation suggestions
BTC rebounded to around 81000-81500🈳, the target is initially set at 78000.
Two pancakes synchronized
#BTC #PI #ETH #GateioInto11 #ContentStar