Currently, BTC and ETH have broken through the MA20 resistance on the daily chart. However, they have both reached the MA5 resistance on the weekly chart and have not broken through yet. The current rebound expectation is around this area. Only after a weekly chart breakout can we look higher. Today is Thursday. The second half of the week has begun; be cautious about chasing longs. After taking profit on the long positions yesterday, I haven't opened any new positions. It's better to wait a bit. Shenzichen Village Committee Party Branch
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.
Notification
Currently, BTC and ETH have broken through the MA20 resistance on the daily chart.
However, they have both reached the MA5 resistance on the weekly chart and have not broken through yet.
The current rebound expectation is around this area.
Only after a weekly chart breakout can we look higher.
Today is Thursday. The second half of the week has begun; be cautious about chasing longs.
After taking profit on the long positions yesterday, I haven't opened any new positions. It's better to wait a bit.
Shenzichen Village Committee Party Branch