Good afternoon, the Ether BTC market completed the rebound of last week's first wave of decline over the weekend. Last night it restarted its downward trend. Can it continue to sell with bearish market today?


BTC's recent mid-term rise started in April, and it is the last wave extended since the beginning of 2023. Currently, this wave of rise since April has shown signs of turning around for three reasons: it has now broken below the ascending channel, a high-level double divergence has formed on the daily chart, and the wave structure is complete, which meets the conditions for entering a wave pullback. Currently, in the second downward movement on the daily chart, it will continue to decline during the day, and in the short term, it can be arranged downward along the 2-hour moving average. By tonight, a rebound will occur, and the rebound will continue to decline after reaching the 6-hour moving average, with the turning point at this morning's high!
ETH-1.87%
BTC-0.83%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
LinhKazIOvip
· 15h ago
Bitcoin, the largest cryptocurrency, traded around $115,632, down slightly after a strong growth due to news of newly approved Bitcoin spot ETFs
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)