Greed index 73, breakout imminent? Support levels for $BTC and $ETH have appeared
$BTC has been fluctuating around 79000 for two consecutive days. On the daily chart, EMA8 and MACD are beginning to show a bullish crossover, and the pressure from the Bollinger Band middle line is increasing. On the 4H chart, the Bollinger Bands are contracting, and MACD is about to form a bullish crossover.
The support level is 79000. If it holds, a rebound may follow; if it breaks below 78500, watch out for a pullback. #BTC #technical analysis
Data source: CoinGecko / Binance
#BTC
$BTC has been fluctuating around 79000 for two consecutive days. On the daily chart, EMA8 and MACD are beginning to show a bullish crossover, and the pressure from the Bollinger Band middle line is increasing. On the 4H chart, the Bollinger Bands are contracting, and MACD is about to form a bullish crossover.
The support level is 79000. If it holds, a rebound may follow; if it breaks below 78500, watch out for a pullback. #BTC #technical analysis
Data source: CoinGecko / Binance
#BTC
