Notice
The weekly line has been completed.
The price of Bitcoin has closed below the important point of 108500 on the weekly line. The price is below the ma5.
The daily line's completed line shape indicators are all pointing downward.
Currently, there is some support near the ma20 of the 2-day line, around 104000. If it breaks, it will test the 100000 mark.
Ethereum's weekly line has completed and has burned 5 incense sticks. There is significant resistance above. The exchange rate of Ethereum to Bitcoin is clearly suppressed by the ma20.
Currently, Ethereum's price is fluctuating around the weekly ma120, synchronizing with Bitcoin.
The daily level shape of US stock futures is not very good. The divergence is too severe. Temporarily supported by the daily ma20. It is expected that this level will not hold and there will be a correction.
Summary. Currently, the outlook for Bitcoin in the US stock market is bearish, and the pullback in the US stock market drives Bitcoin.
