- After a strong rebound yesterday, today BTC has the potential to continue towards the 106.4x range once again; if it surpasses this range, BTC will return to the peak of 112x. - If it cannot surpass the 106x range, BTC will experience another sharp drop. #BTC #USDT
⚡️ETH has broken away from the previous long-term downtrend. On May 8, 25, ETH experienced a very strong and decisive growth phase, breaking away from the downward trendline and reversing into a new trend.
⚡️ The next psychological level that ETH needs to surpass is the 2k8xx mark. If it can overcome this resistance zone, ETH will aim for the previous peak at the 4k$ mark.
👉 The strong support zone is approximately: 2133 - 2321
☘️ Are you waiting to see if ETH can break through or not? #ETH , #Altcoins!
[BTC ANALYSIS ON 5/6] – SHORT-TERM TRADING STRATEGY
BTC is currently accumulating sideways around the 104.5k – 105.5k range. On the daily chart, the overall trend remains bullish as the price is above the EMA20, however, buying pressure is gradually weakening. The H4 and H1 charts show slight recovery signals with RSI trending upward, and the price bouncing off support and testing the EMA200.
For short-term trading, consider going Long around the 105,000 – 105,200 range, expecting BTC to recover to the 105,800 – 106,400 range, placing a stop below 104,500.
In case BTC fails to break through the 106,000 range and a reversal signal appears, consider reacting with a Short, expecting a correction to 105,000 – 104,200.
Trade cautiously in the sideways range, manage capital tightly. Prioritize short wave trading if there is no clear breakout. #BTC #USDT #USDC
How will the BTC chart situation be today, everyone?
- The 4-hour frame BTC is still moving and is below the average line in the Bollinger Bands, trending to recover to the 106x range. However, the MACD is showing a divergence at the peak, indicating that the trend is still decreasing back to the 100x-102x range, or even deeper, pulling down to the 98x$ You can wait and shot at the 106x range today if it recovers to this range.
What will the market trend be like today, everyone? - The daily candle is trending to test the range of 102-103 thousand $ - In a good scenario, breaking through 107 will soar strongly #USDT #USDC #BTC #ALTCOİN