Good morning! Currently running near 2960. Although the market shows a short-term head and shoulders pattern, several indicators are close to key turning points. The RSI is near oversold territory and trading volume has drastically shrunk, indicating that the head and shoulders momentum is waning. Prices are tightly hugging the lower Bollinger band, suggesting a need for a corrective rebound. Currently situated above the main support zone, if volume increases and breaks above MA5, a technical rebound towards the 3030 resistance level is expected. Pay attention to hourly stabilization signals; the short-term downside may be limited, and a rebound trend is brewing.
BTC has support around 85500-84600, and may test the 87200-88500 range afterwards;
ETH has support around 2950-2925, and may test the 2995-3030 area afterwards.
$BTC $ETH $LTC
BTC has support around 85500-84600, and may test the 87200-88500 range afterwards;
ETH has support around 2950-2925, and may test the 2995-3030 area afterwards.
$BTC $ETH $LTC
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BTC
87,836.71
+2.46%
ETH
2,945.77
+1.04%
