Daily cryptocurrency market indicators. Source: Coin360
Good morning! The market is lateral today. BTC is trading above 54,000. ETH is over $3,200 and Dogecoin alone keeps breaking new records ??. BTC domination falls altseason in full swing! The leaders of the altcoin movement Ethereum and BNB have taken a breather so far, instead of them LTC, LINK, BCH went up, and I will separately note the return of Ethereum Classic to the top 20 ??
BTC
On May 3, Bitcoin could not overcome the critical resistance at $59,000 and this was the beginning of a short-term downtrend with a possible target of $46 00 - 45 000 thousand dollars. The bulls have only a few days to correct the situation, but Bitcoin has not yet shown strength for a new pump, in case of growth, the bulls will face several resistances from $56,000 to $60,000 at once then even lower ??.
4-hour BTC / USDT chart. Source: TradingView
ETH
My forecast for Ethereum was accurate to the flesh up to 99.9%, but ... the price never reached my first order, 1.81 dollar was not enough ??.
ETH / USDT daily chart. Source: TradingView
ETH faced tough resistance at the $ 3,500 level, where a large profit-taking took place, which led to a correction. At that moment, ETH even became the leader in liquidations on the crypto market, and both longs and shorts were tolerated ??. Nevertheless, Ethereum found support at the level of $ 3,200, but so far it is difficult to say whether Ethereum will be able to push off this support and continue its path to $ 4,000 thousand. But I can say with confidence that if the bulls cannot hold the level of $ 3200, the bears will instantly send the price to $ 3000 thousand.
DOGE
There is some truth in every joke, especially if its capitalization is $ 87 billion.Despite the fall of Bitcoin and Ethereum, Dogecoin again breaks records and falls into the top 4 in terms of cryptocurrency market capitalization. During the day, DOGE rose by 54%, and in a week the crypto asset brought + 165% of income to its investors and continues to fly to $ 1 ??
DOGE / USDT daily chart. Source: TradingView
?? Топ-3 за 24 часа:
Dogecoin - $0,676 (^54,85%)
Ethereum Classic - $79,84 (^49,32%)
Chainlink - $49,48 (^22,54%)
?? Earn money, but don't forget about risk management and money management.
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Disclaimer: This article is informative and does not provide information on where to invest. If you are planning to invest, do your own research.
