2023-12-27 19:14:01
#BTC (four-hour timeframe).
When the price rebounded to the trading level of $42,800, the sellers' forces turned out to be stronger.
They managed to push Bitcoin to the trading mark of $41,700, where buyers have already gone on the offensive.
According to the RSI indicator, a hidden bullish divergence has formed towards the price movement, which increases the chances of an upward momentum of the instrument from current levels to the trend resistance around $43,300.
The $42,800 trading level lost by the bulls now acts as the closest resistance zone for the asset.
Just below it is the exponential moving average EMA 100 4H, which will also act as an obstacle to the upward movement.
If Bitcoin fails to catch on to $42,800 on the rebound to $43,300, then the instrument will continue its correction.
There is a dynamic support level around $41,250 in the form of the EMA 200 4H, which has not been tested by the price since it was overcome in mid-October.
If there is a weak reaction to this zone, the next support will be the $40,500 trading level.
#ETH. Ethereum's first attempt to gain a foothold above the $2,230 trading level was unsuccessful.
The asset went down to the $2,180 mark, which was followed by a technical rebound of the instrument.
The nearest resistance level is around $2,230.
The capitalization of the cryptocurrency market has fallen by 0.6% over the past 24 hours, the dominance of Bitcoin has added 0.15%.
The dominance chart of the first cryptocurrency has reached the support level at 51.8%.
This may lead to a local recovery of Bitcoin's share of the entire market with continued correction for most digital assets.
@BitcoinBOOMSignals
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