The market is taking a break, where is the next hotspot? The next article will provide direction!
BTC is moving faster than ETH, usually BTC reaches its position first and then ETH starts to catch up, but once it’s up there, it’s gone. In terms of news, there has been no contact or negotiations between China and the US, which is not good for the market; if we consider Trump's potential impeachment, it could be seen as positive;
BTC surged to a new high of 95700 on Friday but was capped at 96000. This morning, after a push to 95500, it sharply fell, and the selling pressure above is significant. The double top structure is nearly complete; if it breaks below 94000 on the 4-hour or daily chart, it will likely start to correct, and tomorrow could be a key day for accelerated downward movement;
The daily SKDJ for BTC has formed a dead cross, the 4-hour MACD has been running with a dead cross, and it broke below the 200 moving average on the 15-minute chart. There is significant pressure above, and the probability of a downward fluctuation is high;
Altcoins might still struggle a bit with the market's fluctuations, but they are basically at the tail end. It’s best not to chase long positions;
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