BTC and ETH have moved into a steady downtrend on the 4-hour timeframe. By the way, #HYPE has also switched to a downtrend on this timeframe—symbolic that on the day of listing on Binance’s spot market (listing on a top exchange is a good time for distribution).
As of now, 12 assets out of the TOP-200 have moved into a downtrend on this timeframe, but the presence of #BTC and #ETH in the list significantly increases the importance of this signal.
The baseline and additional targets, the level of potential breakdown, and liquidity zones are shown in the screenshots.
For speculation, the market is giving more and more signals for short scenarios, but for the short we still expect an opportunity to add specifically on a bounce, in order to bring the trade to break-even from the current level of 75 610,24$.
As of now, 12 assets out of the TOP-200 have moved into a downtrend on this timeframe, but the presence of #BTC and #ETH in the list significantly increases the importance of this signal.
The baseline and additional targets, the level of potential breakdown, and liquidity zones are shown in the screenshots.
For speculation, the market is giving more and more signals for short scenarios, but for the short we still expect an opportunity to add specifically on a bounce, in order to bring the trade to break-even from the current level of 75 610,24$.
