The currency (BTC) stay 48,000 There is a serious challenge for bears near the dollar level . just as Cointelegraph As reported earlier , Buying and selling levels show , The seller of Qian'an is still 48,000 Hold your ground at the level of the dollar .

The currency stock-to-flow The creator of the price model PlanB Express , If bitcoin can be in 8 Month closed 47,000 More than $ , So the end of the year “ The worst ” Target price 135,000 The dollar may appear .

Despite a slight decline , But the adoption of institutional bitcoin continues to increase . Filings with the securities and exchange commission show , Four wealth management companies have bought shares in gray bitcoin investment trusts .

Cryptocurrency market data daily view source :Coin360

Product comparison website Finder Yes 27 Countries about 4.2 A survey of 10000 people shows that , The adoption rate in Asia is very high . In the countries surveyed , Vietnam has the highest adoption rate , achieve 41%, The adoption rates in India and Indonesia are 30%.

Compared with Asian countries , Respondents in the UK and the US reported low adoption rates , Respectively 8% and 9%. However , The report warns that ,“ Due to the different Google infrastructure in each region , Not all surveys are nationally representative ”.

Bitcoin in 48000 Hesitation near the dollar mark , Will it lead to profit taking ? Can Shanzhai currency attract funds to withdraw from bitcoin ? Let's look at the front that may continue the upward trend in the next few days 5 A chart of cryptocurrencies .

BTC/USDT

Bitcoin in 8 month 14 The day turned from an upward wedge of resistance to a downward . This shows that bears have not given up , Is actively defending the resistance line .

BTC/USDT Daily charts source :TradingView

BTC/USDT Now it may fall to the wedge-shaped support line , This may attract buyers . If the price rebounds from this level , Bulls will try to resume the upward trend again . Breaking through and closing at the wedge line will invalidate the bearish mode , And bounce back to 53,000 Dollars and subsequent 60,000 The dollar opens the door .

Upward sloping moving average and relative strength index (RSI) In the positive area , Indicates that bulls are in control .

Contrary to this assumption , If bears push prices below the wedge line ,BTC/USDT It could fall to 20 Daily index moving average (EMA,42,682 dollar ). If the price rebounds from this level , Bulls will try again to resume the upward trend .

But if the price falls below 20 Japan EMA,BTC/USDT May fall to 50 Daily simple moving average (SMA,37,176 dollar ).

BTC/USDT 4 Hour chart source :TradingView

Bears in 46,743.47 The dollar and 48,144 The region between the US dollar faces serious challenges . They have pulled the price down to 4 On the hour chart 50 Japan SMA. If the price falls below this support ,BTC/USDT It could fall to 43,770 dollar , Then fell to 42,451.67 dollar .

20 Japan EMA Tend to be gentle ,RSI Close to the midpoint , This suggests that the bullish momentum may weaken .

If the price rebounds from the current level , And rise above the upper resistance zone , This will show that bulls will buy... Every time they fall slightly . This will indicate the recovery of the upward trend .

ETC/USDT

The classic of ether (ETC) stay 8 month 13 The day broke through and closed above the resistance level 63.56 dollar , Completed a rising triangle form . The goal of this bullish pattern is 94.91 dollar .

ETC/USDT Daily charts source :TradingView

Usually , After breaking through the form , The price will turn down and retest the breakthrough level . under these circumstances ,ETC/USDT Maybe retest in the next few days 63.56 US dollar level . If the Bulls turn this level into support ,ETC/USDT May start a new upward trend .

ascendant 20 God EMA(57 dollar ) And in the overbought area RSI indicate , Bulls have the upper hand . If the price falls below 63.56 dollar ,ETC/USDT It could fall to 20 Japan EMA.

If from 20 Japan EMA A strong rebound on , It will show that the bullish sentiment remains unchanged . Then the buyer will try to resume the upward trend again . If the bears pull the price down to 20 Japan EMA following , This positive view will be rejected . This may result in falling to 50 Japan SMA(51 dollar ).

ETC/USDT 4 Hour chart source :TradingView

4 The hour chart shows ,ETC/USDT On the rise . Bears are trying to 76.16 Stop the upward trend at the dollar , But the positive sign is , Bulls didn't give up too many positions . Rising moving averages and near overbought areas RSI Show that it's good for the buyer .

If bulls push prices beyond 76.16 dollar , Here may be 84.16 dollar . contrary , If short sellers drive the price down to 70 Below US dollar ,ETC/USDT May fall below 20 Japan EMA. If prices rebound strongly from this level , It shows that the market sentiment is still optimistic , But if it falls below this level , May pull the price down to 63.56 dollar .

LUNA/USDT

Terra Agreed LUNA Tokens have been trading in the uplink for the past few days . Breaking through and closing above the downward trend line indicates that a new upward trend has begun .

LUNA/USDT Daily charts source :TradingView

The last four days , Bears have been defending 18 The upper resistance of the dollar . If the price rises from the current level or rebounds from the support line , Bulls will try again to push LUNA/USDT breakthrough 18 dollar . If they do that , Here may be 19.54 dollar , And then there was 22 dollar .

perhaps , If the price falls below the channel and 20 Japan EMA(14 dollar ), This will indicate that the bullish momentum has weakened . then LUNA/USDT It is possible to retest the breakthrough level of the downward trend line .

LUNA/USDT 4 Hour chart source :TradingView

Bears have been in... Twice 18 The dollar stopped the rise , This makes it an important level of attention .20 Japan EMA Has leveled off ,RSI Just over 50, This indicates that consolidation may occur in the short term .

If the price goes from 50 Japan SMA Up and down ,LUNA/USDT May be in 15.81 The dollar and 18 The dollar fluctuated for some time . If you break through and close in 18 More than $ , Then it may start the next upward trend , May reach 20.81 dollar . conversely , Fall through 15 The dollar may mean further adjustment to 13 The beginning of the dollar .

KLAY/USDT

Klaytn (KLAY) stay 8 month 14 Japan broke through 1.81 The resistance of the dollar , But bulls cannot maintain a higher level . The long hatched lines on the candle chart over the past two days show , Bears are actively defending the resistance level above .

KLAY/USDT Daily charts source :TradingView

The sharp rebound in the past few days will RSI Push to the overbought area , It indicates that there may be a slight consolidation in the next few days . Any decline could be in 1.60 The dollar and 1.40 Find support in the dollar .

If the price rebounds from these two support levels , Bulls will try again to rise to 1.81 More than $ . If you break through and close above that level , Will complete an arc bottom shape , The target price is 2.90 dollar .

If the price turns down and falls below 20 Japan EMA(1.32 dollar ), This positive view will fail . This may result in falling to 50 Japan SMA(1.07 dollar ).

KLAY/USDT 4 Hour chart source :TradingView

4 The hour chart shows , The bears defeated the Bulls , Two attempts to push the price to 1.81 Above the dollar resistance level . If bears maintain their selling pressure , And make the price fall below 20 Japan EMA, Then the decline may extend to 50 Japan SMA.

contrary , If the price goes from 20 Japan EMA Up and down , Bulls will try again to clear 1.81 The barrier to the dollar . If they succeed ,KLAY/USDT It could go up to 2.18 dollar . The rising moving average and RSI In the positive region , It shows that it is good for bulls .

AXS/USD

Axie Infinity Native token of AXS It has been rising strongly in the past few weeks , stay 8 month 11 The sun set a new record 77.48 The dollar's all-time high . The long hatched line on the candle chart of the day shows , Traders lock in profits at a higher level .

AXS/USDT Daily charts source :TradingView

AXS/USDT It has been revised to 63 The dollar's support . If bears push prices below this level ,AXS/USDT It could fall to 20 Japan EMA(51 dollar ). The previous two revisions are from 20 Japan EMA Begin to twist the direction of .

therefore , Bulls are likely to fall to 20 Japan EMA Buy again when . If it rebounds strongly from this level , It shows that market sentiment is still positive , Traders are buying on bargain hunting . Then bulls will try again to resume the upward trend .

If you break through and close in 77.48 More than $ , It may rise to 91 The dollar and then rose to 100 The psychological resistance level of the dollar clears the way . in addition , If you break through and close in 20 Japan EMA under , It may herald the beginning of a more substantial correction .

AXS/USDT 4 Hour chart source :TradingView

4 The hour chart shows the formation of a descending triangle , The form will fall below and close at 63 The support of the dollar is complete . The target price of this reversal pattern is 48.52 dollar .20 Japan EMA Tend to be gentle ,RSI Close to the midpoint , It shows that the rally is weakening .

Contrary to this assumption , If the price rises from the current level and breaks the downward trend line , Will invalidate the bearish trend . This may increase retesting 77.48 The possibility of an all-time high for the dollar .


Cointelegraph Chinese as a blockchain news and information platform , The information provided only represents the author's personal views , And Cointelegraph Chinese platform position has nothing to do with , And does not constitute any investment and financial advice . Please set up a correct concept of money and investment , Improve risk awareness . In view of the fact that China has not yet promulgated relevant policies and regulations on digital assets , Chinese mainland users are advised to invest in digital money prudently .