Market downturn risk! 20240427

CN
1 year ago

Coin World reported: Rekt Capital, a cryptocurrency expert, warned that Bitcoin may face the risk of a decrease in value in the coming years. He specifically mentioned the significance of the $60,000 level and historical data indicating potential challenges in the coming weeks. Analysts believe that after the halving event, Bitcoin may experience increased volatility and downward pressure. Maintaining this level is crucial for stabilizing market sentiment. Investors need to closely monitor Bitcoin prices to predict potential economic recession risks.

Market Analysis:

BTC: Looking at the 4-hour chart, the price continues to stay below the Bollinger Band midline, showing a weak trend.

On the daily chart, the price is suppressed by the moving average, indicating a relatively weak trend.

In summary, the support level is at 62,600 and the resistance level is at 63,000.

ETH: Looking at the 4-hour chart, the price continues to stay below the Bollinger Band midline, showing a weak trend, with support at 3,110 and resistance at 3,130.

LTC: The price has fallen below the Bollinger Band midline, showing a weak trend, with support at 84 and resistance at 86.

BCH: The price continues to oscillate near the lower Bollinger Band, showing a weak trend, with support at 450 and resistance at 480.

AVAX: The price continues to pull back, and stabilizing around 30 would present a good price opportunity.

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