New Technical Overview: Micro Bitcoin Futures: The bulls finally surrendered, with the futures not only retracing to $70k, which we regarded as one of the scenarios, but also breaching this mark. The last stronghold now is the $58-63k range. A breakout to the downside would signal a global shift. Until now, the downturn could still be viewed as a correction. A breakout of the above support line would indicate the onset of a bearish trend, a scenario that would imply much higher odds of a pullback below $50k. Micro Ether Futures: ETH futures is hovering near the lower bound of a regression price channel and the support level. There are still no rebound signals. Notably, the RSI entered oversold territory, falling below 30. A reversal of the Wilder indicator would be a good signal for market participants. Want more fast, clear market insights? Follow us to stay updated with daily technical overviews, key levels, and trading perspectives. 👉 Subscribe for more analysis and smarter market decisions. ⚠️This material should not be interpreted as investment advice. #TechnicalAnalysis #Trading #BTC #ETH #just2trade
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.