From a Technical Analysis perspective, the market's short-term trend is bearish.
Bitcoin has formed a "Death Cross": the 50-day Exponential Moving Average (EMA) of Bitcoin has crossed below the 200-day Exponential Moving Average, creating a bearish "Death Cross" pattern, which typically indicates the establishment of a medium- to long-term downtrend.
RSI enters oversold territory: The Relative Strength Index (RSI) for Bitcoin has fallen to 27.12. This is an oversold signal, suggesting that the market may experience a technical rebound after recent declines, but it does not directly indicate that the downward trend will end immediately.
Ethereum Tests Key Support: The 50-day moving average of Ethereum is still barely above the 200-day moving average, but the price has fallen below both moving averages, and the bullish structure is facing a severe test. #今日你看涨还是看跌?
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From a Technical Analysis perspective, the market's short-term trend is bearish.
Bitcoin has formed a "Death Cross": the 50-day Exponential Moving Average (EMA) of Bitcoin has crossed below the 200-day Exponential Moving Average, creating a bearish "Death Cross" pattern, which typically indicates the establishment of a medium- to long-term downtrend.
RSI enters oversold territory: The Relative Strength Index (RSI) for Bitcoin has fallen to 27.12. This is an oversold signal, suggesting that the market may experience a technical rebound after recent declines, but it does not directly indicate that the downward trend will end immediately.
Ethereum Tests Key Support: The 50-day moving average of Ethereum is still barely above the 200-day moving average, but the price has fallen below both moving averages, and the bullish structure is facing a severe test. #今日你看涨还是看跌?