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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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From the daily chart of Bitcoin, the price broke through the MA10 moving average line (6.27) smoothly after standing on the daily candlestick 6.17. The resistance level above is in the range of 6.4-6.5, which was the previous box oscillation area. For the short-term, the support can be referenced from the MA120 moving average line (6.31) and the MA256 moving average line (6.32) at the 1-hour level. For short-term pullback, follow the gains and losses of the 6.3 line. Currently, the overall trend is more biased towards oscillation.
The trend of Ethereum is basically consistent with the article mentioned at noon. After the Rebound2520 resistance level, it quickly fell, proving that the 2520 line is an important resistance level for the current short-term rebound pump. 2520 is the overlap of the daily candlestick A60 and the 1-hour MA256 daily average line. Only by breaking through and stabilizing the 2520 line can there be a chance to continue the pump, otherwise it should be viewed as oscillating.
The trend of Ethereum is basically consistent with the midday article. After rebounding from the 2520 resistance level, it quickly declined, proving that 2520 is an important resistance level for the short term rebound pump. 2520 is the overlap of the daily candlestick A60 and the 1-hour MA256 moving average line. Only by breaking and stabilizing above the 2520 line can there be a chance for the pump to continue, otherwise it will be regarded as oscillation.