This is getting more and more difficult for the cryptocurrency market after the announcement of the Federal Reserve. The growth of key rates is likely to accelerate, and this will not suit the risky markets! Volatility is expected this week.
Bitcoin Analysis – Medium Term Perspective
Minor changes, although prices are still supported by the Tenkan weekly. The $25,000 resistance has yet to be broken to prove that the buyers are still in the game.
Bitcoin Analysis – Short Term
Prices are included in the daily cloud. Thus, the trend has stopped and a test at $21,600 now seems inevitable. If prices fail to hold at this level, a cloud bottom and the risk of a bearish reversal should be expected.
Bitcoin Intraday Analysis
Prices are clinging to the weak support, which suggests that the sellers are currently holding the market in their hands. We need to get back above $23,300 to turn this around.
Ethereum Analysis – Medium Term
Prices survive thanks to Tenkan’s weekly support. If it lets go, it will be necessary to target the Fibonacci ratio as the next major medium-term support.
Ethereum analysis – short term
Here prices also enter the cloud, which holds back the uptrend. The Fibonacci ratio in the short term will have to play a supporting role in order not to fall under the daily cloud.
Dollar analysis – medium term
Macroeconomics is moving towards the dollar. This allows the latter to continue its strong technical rebound. Prices are flirting with the top of the cloud and are not currently finding medium-term resistance.
Dollar analysis – short term
An exit from the daily cloud will be a strong signal sent by the dollar. Because it will put real pressure on all the markets that are under threat. And that would pave the way for an even bigger rebound to 108 points.
CryptoTrader™, a 100% automated crypto asset manager, achieved XX% performance in X month. And you, what were your trading results over the last month?
Trading cryptocurrencies carries a high level of risk and may not be suitable for everyone. It is recommended that you fully inform yourself of the risks involved and only invest amounts that you can afford to lose.
The content offered on the CryptoActu.com website is for educational and informational purposes only. They are in no way a recommendation and should not be considered as an invitation to trade in financial instruments.
The CryptoActu.com site does not guarantee the results or effectiveness of the presented financial instruments. Therefore, we disclaim any liability for the use of this information and the possible consequences.