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.

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