#BTC #ETH #crypto2023 #BTC #trading
(four-hour timeframe).
Bitcoin continues its consolidation under the resistance level of $28,000 — $28,200, attempts to overcome which are accompanied by an increase in pressure from sellers.
The Balance Volume line is unsuccessfully trying to overcome the trend resistance, the asset is gradually rolling back to the middle of the descending channel, closing under which will be the first signal to continue the correction.
In the near future, we expect bitcoin to descend to the lower border of the Ichimoku Cloud in the area of $27,200 with a gradual price slide to the October opening mark of $26,900.
Confirmation of buyers' interest will be the return of the instrument above the $27,200 trading level, which will create conditions for the development of an upward movement.
If the rebound from the $26,900 mark is weak, it will be a signal for the continuation of the correction with the first stop in the area of POC — $26,100.
#ETH. Ethereum has consolidated under the middle of the price range of $1,600 — $1,660, which should direct the asset to the support block of $1,580 — $1,600.
The capitalization of the cryptocurrency market has fallen by 0.6% over the past 24 hours, the dominance of Bitcoin has risen by 0.15%.
In light of the aggravation of the geopolitical situation in the Middle East, there is a certain probability of seeing a local decline in high-risk assets.
$BTC $BTC
(four-hour timeframe).
Bitcoin continues its consolidation under the resistance level of $28,000 — $28,200, attempts to overcome which are accompanied by an increase in pressure from sellers.
The Balance Volume line is unsuccessfully trying to overcome the trend resistance, the asset is gradually rolling back to the middle of the descending channel, closing under which will be the first signal to continue the correction.
In the near future, we expect bitcoin to descend to the lower border of the Ichimoku Cloud in the area of $27,200 with a gradual price slide to the October opening mark of $26,900.
Confirmation of buyers' interest will be the return of the instrument above the $27,200 trading level, which will create conditions for the development of an upward movement.
If the rebound from the $26,900 mark is weak, it will be a signal for the continuation of the correction with the first stop in the area of POC — $26,100.
#ETH. Ethereum has consolidated under the middle of the price range of $1,600 — $1,660, which should direct the asset to the support block of $1,580 — $1,600.
The capitalization of the cryptocurrency market has fallen by 0.6% over the past 24 hours, the dominance of Bitcoin has risen by 0.15%.
In light of the aggravation of the geopolitical situation in the Middle East, there is a certain probability of seeing a local decline in high-risk assets.
$BTC $BTC
