#Update Market May 7, 2024 [DCCK]
$BTC Break through the barrier, kill all the short teams, place stop loss to produce the barrier and turn around to close the evening star candlestick pattern in frame h1, while H4 closes and draws the beard but fails to break through the barrier, confirming this is a fake breakout. Unfortunately, it couldn't really break past 64k600
$BTC - Resistance mark at 64k600
$ETH - Resistance mark 3230
Total3 - Resistance mark 683B
BTC.D - Resistance mark 54.64%
USDT.D - Trending to increase again by 5.08%
Conclude:
- $BTC Unfortunately, the font was able to safely break through the barrier because the price increased in volume and decreased, showing that this is a weak increase with a higher turnover rate. Be careful of your long and short positions today, buckle up for good.
- $ETH has approached the whole sideway and kicked down immediately, very clearly, is creeping a little more, may circle up to about 3120$ - 3130$ and then continue down
- BTC.D temporarily sees the upside for Dom rising higher, temporarily still observing this Dom.
- Yesterday's Total3 was fine because it continued to increase, but today it hasn't seen it yet. Touching the barrier and kicking it down always proves that the sellers at that resistance area are still good, temporarily turned down, the day will rebound a bit, the afternoon is likely. decrease again
- USDT.D Has returned to test 4.79%, created a fake breakout and is creating an uptrend again. tending to turn up to find 5.05%
