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#BTC (four-hour chart).
Last night, the US authorities put forward official demands to Binance to settle the investigation into the exchange.
In addition to the large fine of the company, another condition was the departure of the founder of Binance from his post.
Despite the news, there was no strong reaction in the market.
After a bearish retest of the broken trend support line, Bitcoin rolled back to the $35,600 mark.
At this level, purchases of the instrument intensified, and the asset headed to the resistance level around $36,700.
The price is trying to gain a foothold above the upper boundary of the Ichimoku Cloud, which will allow the instrument to continue its recovery.
However, while Bitcoin has not gained a foothold above the trading level of $36,700, there is a high probability of another downward momentum of the asset.
Moreover, market participants are still digesting the information received about the largest cryptocurrency exchange.
We think that Bitcoin may roll back to the area of $34,500, where it will be important to monitor the reaction of buyers.
We expect a reversal of the price movement from this area with another attempt to storm $37,500.
#ETH. Ethereum made a technical rebound from the $1,930 mark and came close to the trading level of $2,000, which acts as a resistance for an upward movement.
The condition for the continued growth of the asset is the consolidation of the instrument above $2,000.
The total market value of digital assets fell by 2.4% over the past day, the dominance of the main cryptocurrency decreased by 0.1%.
To restore the cryptocurrency market, Bitcoin must first overcome and gain a foothold above the trading level of $36,700.
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BTC passes the $37,000 border 🥳
What’s next? Will we see $40,000 by the end of the week? 👇
Repost from N/a
#BTC (daily chart).
The daily candle closed above the upper limit of the consolidation zone of $33,200 — $35,200, confirming the predominance of buyers in the market at the moment.
It is noteworthy that the Balance Volume line has overcome the resistance level that it last stormed in July.
Now the next obstacle to the upward movement will be the upper limit of the ascending channel from the higher timeframe in the area of $37,300.
By the reaction of the price to this mark, it will be possible to judge the situation on the market.
We are more inclined to the fact that we will see a pullback from $37,300 with a possible retest of the overcome resistance at $35,200.
From here, the next wave of Bitcoin growth is possible.
If we take into account the large accumulation of liquidity around $33,800, which follows from the CoinGlass data, the second scenario will be a deeper correction of the asset before throwing over $37,300.
This will happen if Bitcoin loses its dynamic support level in the form of an exponential moving average EMA 21 D.
Then we can expect a descent to the area of $ 33,000. This scenario also needs to be kept in mind.
#ETH. Ethereum did not reach the support level in the area of $1,860, the pressure of buyers increased at $1,880.
Activation of purchases allowed the asset to update the local price maximum — $1,929 on the Binance exchange.
The next significant resistance level is located at $2,025.
The capitalization of the cryptocurrency market increased by 2.5% and reached $1.34 billion.
The dominance of Bitcoin has increased by 0.4% over the past 24 hours.
It is worth noting that the line of the Balance volume of the total capitalization of digital assets broke through the downward trend that began back in 2021.
This means that capital is starting to pour into cryptocurrencies and is a bullish sign in the medium term.
