#BTC# On the 1-hour chart, the BTC price fluctuates more frequently. It can be seen that the price repeatedly tests key resistance levels and support levels in a short period. The range indicator shows that the opening of the range is gradually narrowing, indicating that the price fluctuation range is continuously shrinking, and the market is about to choose a direction. The RSI indicator fluctuates around 50, in a neutral zone, indicating a balance of buying and selling power in the market. If the Bitcoin price can effectively break through the key resistance level on the 1-hour chart, accompanied by an increase in trading volume, the upward trend in the short term may continue; conversely, if it breaks below the support level, short positions may gain the upper hand. On the Ether 1-hour chart, the price trend is also relatively tangled. The price fluctuates up and down around the moving average system without a clear trend. From the candlestick combination perspective, there are some small bearish and bullish candlesticks, indicating that both sides of the market are repeatedly contesting here. In terms of technical indicators, the KDJ indicator repeatedly crosses in the overbought and oversold areas, also reflecting the uncertainty in the market. #eth#

BTC1.11%
ETH4.33%
View Original
post-image
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
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)