TradeCoinVN_Official
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Is the Market "Waiting" for News?
The market has seen 2 consecutive days of decline, however, $BTC is still holding its price above the $102-103K range, while $ETH is in the $2K5-2K7 range. After a strong increase, the chart is showing signs of accumulation.
Both BTC.D and USDT.D are also moving sideways, with small candle patterns and narrow ranges - a signal of an accumulation phase or a temporary pause after the decline.
According to technical analysis, the 4 indicators above have not shown signs of reversal yet.
Tonight there will be a series of important news such as PPI, Retail Sales, Unemployment Claims, and a speech from the Fed Chairman, it is necessary to observe the price reaction before and after the news to determine the next trend.
#TradeCoinVN_Official #Binance #Bitcoin #Ethereum #NewsTrade
The market has seen 2 consecutive days of decline, however, $BTC is still holding its price above the $102-103K range, while $ETH is in the $2K5-2K7 range. After a strong increase, the chart is showing signs of accumulation.
Both BTC.D and USDT.D are also moving sideways, with small candle patterns and narrow ranges - a signal of an accumulation phase or a temporary pause after the decline.
According to technical analysis, the 4 indicators above have not shown signs of reversal yet.
Tonight there will be a series of important news such as PPI, Retail Sales, Unemployment Claims, and a speech from the Fed Chairman, it is necessary to observe the price reaction before and after the news to determine the next trend.
#TradeCoinVN_Official #Binance #Bitcoin #Ethereum #NewsTrade
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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