2023-11-22 00:54:19
#BTC (four-hour timeframe).
Bitcoin went down to the previously overcome trading level of $36,700, testing it as support.
At the upper limit of the ascending channel at $37,800, sellers stopped the upward movement of the asset.
At the same time, the price is still located above the exponential moving average EMA 50 and the trend support line, which preserves the chances of a second attempt to exit the instrument from the limits of the trading channel.
We are more inclined to believe that this breakdown will be false with the formation of a trap for bulls. CoinGlass data, indicate that over the past week, the most liquidity accumulated at $38,200 and $34,900.
Based on this, stop-losses of short positions in the area of $38,000 — $38,300 will be triggered first.
Then the liquidity will be the longs' stop orders.
It is possible that buyers will revive before the price reaches the POC mark ($34,900), and the fall will be stopped at the level of $35,300.
It is important to monitor the struggle of market participants at the designated levels.
This will allow you to make adjustments to the main scenario and adapt to the real situation on the market.
#ETH. The asset made a breakthrough in the direction of the resistance level at $2,080, when approaching which the sales of the instrument increased.
Ethereum rolled back to the level of $2,000 trading.
In case of consolidation above this mark, the asset price will continue to grow.
The capitalization of the cryptocurrency market has dropped by 0.7% over the past 24 hours, the dominance of #BTC has increased by 0.5%.
A detailed report on the last meeting of the Fed will be published today at 22:00.
The protocol will be able to shed light on further changes in the monetary policy of the regulator.
The publication may be accompanied by increased volatility in the market.
@BitcoinBOOMSignals
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