1. Only when BTC and ETH break through the red resistance zone, there is a chance for further rebound. If they fall below the green support area, the possibility of breaking the 9-starting is increased; 2. Once BTC breaks the 9-starting, the weekly MACD will form a death cross trend, which may trigger panic selling; 3. ETH shows a bearish engulfing pattern on the weekly K-line, indicating relative weakness.
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.
1. Only when BTC and ETH break through the red resistance zone, there is a chance for further rebound. If they fall below the green support area, the possibility of breaking the 9-starting is increased; 2. Once BTC breaks the 9-starting, the weekly MACD will form a death cross trend, which may trigger panic selling; 3. ETH shows a bearish engulfing pattern on the weekly K-line, indicating relative weakness.