marketanalysisb
993 مشاهدات
3 يقومون بالنقاش
رائج
جديد
ترجمة
Why Is Bitcoin Cash (BCH) Down Today?
Bitcoin Cash $BCH is trading slightly lower today, mainly due to short-term market pressure rather than fundamental weakness. After testing the $600 price zone, many traders appear to be taking profits, which has added temporary selling pressure. This is supported by the sharp increase in 24-hour trading volume, up more than 23%, often a sign of active repositioning in the market.
Another factor is broader crypto market consolidation. When Bitcoin slows or pulls back, altcoins like BCH frequently experience mild declines as capital rotates or moves to the sidelines. From a technical perspective, BCH is also facing resistance near recent highs, prompting cautious behavior among short-term traders.
On the positive side, BCH fundamentals remain solid. Nearly all of its supply is already in circulation, limiting inflation risk. Overall, today’s dip looks like a normal pullback within a larger trend, not a sign of long-term weakness.
Visit- coingabbar
#BitcoinCash #BCH #CryptoUpdate #Altcoins #MarketAnalysisb
Another factor is broader crypto market consolidation. When Bitcoin slows or pulls back, altcoins like BCH frequently experience mild declines as capital rotates or moves to the sidelines. From a technical perspective, BCH is also facing resistance near recent highs, prompting cautious behavior among short-term traders.
On the positive side, BCH fundamentals remain solid. Nearly all of its supply is already in circulation, limiting inflation risk. Overall, today’s dip looks like a normal pullback within a larger trend, not a sign of long-term weakness.
Visit- coingabbar
#BitcoinCash #BCH #CryptoUpdate #Altcoins #MarketAnalysisb
ترجمة
$MDT EXPLOSIVE BULLISH BREAKOUT
$MDT has skyrocketed over 63%, smashing through multiple resistance levels and eyeing the 0.04200 mark. Sustained buying pressure above 0.04000 could fuel an extension toward 0.04500 and 0.04800. However, given the sharp rally, a pullback toward 0.03400 or 0.03200 is possible before the next leg up. Momentum remains strongly bullish while holding above 0.03400.
Trade Setup:
Long above 0.04000, TP: 0.04500 / 0.04800, SL: 0.03400
#MDT #CryptoTrading #AltcoinGems #MarketAnalysisb #TradingSetup
$MDT has skyrocketed over 63%, smashing through multiple resistance levels and eyeing the 0.04200 mark. Sustained buying pressure above 0.04000 could fuel an extension toward 0.04500 and 0.04800. However, given the sharp rally, a pullback toward 0.03400 or 0.03200 is possible before the next leg up. Momentum remains strongly bullish while holding above 0.03400.
Trade Setup:
Long above 0.04000, TP: 0.04500 / 0.04800, SL: 0.03400
#MDT #CryptoTrading #AltcoinGems #MarketAnalysisb #TradingSetup
سجّل الدخول لاستكشاف المزيد من المُحتوى