Bitcoin – Ethereum – Dollar – Market Review for Tuesday, June 6

The cryptocurrency market has been shaken since yesterday with negative news coming out of the SEC putting pressure on an already weakened market. Video technical impact analysis.

Bitcoin Analysis – Medium Term

Prices continue to move below the Tenkan and into the weekly cloud. The first support remains the $25,000 zonewhich will have to hold if the current panic continues through the week.

Bitcoin Analysis – Short Term

Volatility is back. And the latter undermines the bottom of the range, which sits at $26,000. Prices need to close above the latter to keep hopes of a sideways chase for Bitcoin alive. If support fails, The $25,000 area should be considered the next major technical level.

Ethereum Analysis – Medium Term

Ethereum continues its lateralization in the medium term. The impact is less significant on the latter, which remains well above its medium-term support at $1,700.

Ethereum Analysis – Short Term

The negative news movedEthereum a great opportunity to rebound, through the twist of the daily cloud. However, the latter retains crucial near-term support at $1,760, the bottom of the intraday range.

Dollar analysis – medium term

In the medium term, the dollar went to test a strong resistance, the bottom of the weekly cloud. The latter negative from a weekly perspective, but the ongoing recovery is one to watch. A break of the resistance will give the next target 105.9 points, the previous high from last March.

Dollar analysis – short term

In the short term, prices are sending a bullish signal by leaving the top of the daily cloud. The 103.34 points is a new support for this rebound.

Delegate trading of your cryptocurrencies while remaining in control of your funds? Nothing easier with the trading service Crypto tradingr.appa safe, easy to use and 100% automated trading tool.

Cryptocurrency trading involves a high level of risk and may not be suitable for everyone. It is recommended that you fully inform yourself of the risks involved and only invest amounts that you can afford to lose.

The content offered on the site is for educational and informational purposes only. They in no way constitute recommendations and cannot be regarded as an invitation to trade in financial instruments.

The site does not guarantee the results or performance of the presented financial instruments. As a result, we disclaim any responsibility for the use that may be made of this information and the consequences that may arise from it.

Leave a Comment