Bitcoin (BTC) đang gặp khó khăn để ở trên $23,000 khi cuối tuần đến gần. Áp lực bán tăng sau khi chi tiêu tiêu dùng cá nhân không bao gồm thực phẩm và năng lượng tăng 0,6% trong tháng Một và 4.7% so với năm, cao hơn kỳ vọng của thị trường tăng 0.5% và 4.4% tương ứng.
Điều này có thể gây ra lo ngại rằng Cục Dự trữ Liên bang Hoa Kỳ có thể phải tiếp tục tăng lãi suất để kiểm soát lạm phát. Kỳ vọng tăng lãi suất có thể củng cố chỉ số đô la Mỹ hơn nữa, vốn đã gần mức cao nhất trong bảy tuần, và điều đó có thể gây áp lực lên thị trường tiền điện tử trong ngắn hạn.
A drop in the cryptocurrency markets may start a discussion that the rally in January may have been a bull trap. However, the price action in Bitcoin and several altcoins show that a bottoming formation may have begun. The next dip may form a higher low before attempting a move higher.
What are the important support levels in Bitcoin and altcoins? Let’s study the charts of the top-10 cryptocurrencies to find out.
BTC/USDT
Buyers successfully held the 20-day exponential moving average ($23,440) for the past two days but the failure to sustain the rebound attracted strong selling on Feb. 24.
Sự phân kỳ tiêu cực trên chỉ số sức mạnh tương đối (RSI) cho thấy đà tăng đang suy yếu. Cặp BTC/USDT đã đạt mức hỗ trợ ngay lập tức ở mức 22,800 USD.
Một sự phá vỡ dưới mức này có thể kiểm tra lại vùng hỗ trợ quan trọng giữa đường trung bình động đơn giản 50 ngày ($22,052) và $21,480.
Ngoài ra, nếu giá không duy trì dưới đường EMA 20 ngày, nó sẽ cho thấy rằng bulls đang mua giảm khi họ dự đoán một động thái cao hơn. Một sự phá vỡ và đóng cửa trên $25,250 có thể bắt đầu xu hướng tăng tiếp theo.
ETH/USDT
Ether (ETH) slipped below the 20-day EMA ($1,624) on Feb. 22 but the long tail on the candlestick shows solid buying at lower levels. The bulls tried to build upon the advantage on Feb. 23 and drive the price above $1,680 but the bears held their ground.
The selling intensified on Feb. 24 and the price dropped to the 50-day SMA ($1,565). This is an important support for the bulls to guard because if it cracks, the ETH/USDT pair could plummet to $1,461.
Ngược lại, nếu giá bật lên khỏi đường SMA 50 ngày với sức mạnh, nó sẽ cho thấy rằng bulls đang mua giảm. Sau đó, người mua sẽ cố gắng đẩy giá lên trên vùng kháng cự $1,680 lên $1,743 và tiếp tục đà tăng.
BNB/USDT
Phạm vi giao dịch chặt chẽ của BNB (BN B) giữa mức kháng cự trên cao là $318 và SMA 50 ngày (304 USD) đã được giải quyết giảm vào ngày 24 tháng 2. Điều này cho thấy gấu đã vượt qua những con bò đực.
Mặc dù đường EMA 20 ngày ($310) không đổi nhưng RSI đã giảm xuống dưới 46, cho thấy xu hướng đang dịch chuyển theo hướng giảm. Cặp BNB/USDT có thể giảm xuống mức 280 USD. Đây là một mức độ quan trọng cần chú ý bởi vì một sự phá vỡ bên dưới nó sẽ hoàn thành một mô hình đầu và vai giảm (H&S).
If buyers want to avoid the sharp decline, they will have to quickly propel the price back above $318. That could clear the path for a rise to the neckline of the bullish inverse H&S pattern.
XRP/USDT
XRP (XRP) traded near the resistance line of the descending channel pattern for the past few days but the bulls could not enforce a breakout.
That may have attracted selling from the short-term bears who yanked the price below the moving averages. The XRP/USDT pair could now drop to the solid support at $0.36. If this level also fails to hold up, the decline may extend to $0.33.
Contrary to this assumption, if the price rebounds off $0.36, the bulls will make one more attempt to overcome the barrier at the resistance line. If they can pull it off, the pair may rally to the overhead resistance at $0.43.
ADA/USDT
The bulls managed to keep Cardano (ADA) above the immediate support of $0.38 for the past two days but they failed to sustain the rebound above the 20-day EMA ($0.39). This suggests that bears are selling on minor rallies.
The price dropped to the 50-day SMA ($0.37) on Feb. 24. If this support gives way, the ADA/USDT pair could slide to the strong support zone between $0.34 and $0.32. Buyers are expected to defend this zone with all their might because if they fail to do that, the selling may intensify and a drop toward $0.27 could not be ruled out.
Conversely, if the price turns up from the current level, the bulls will again try to thrust the price above the 20-day EMA and retest the neckline of the inverse H&S pattern.
DOGE/USDT
After staying above the 50-day SMA ($0.08) for several days, Dogecoin (DOGE) slipped below the level on Feb. 23. This indicates a minor advantage to the bears.
The DOGE/USDT pair could drop to the strong support near $0.08. Buyers are likely to defend this level aggressively because a break and close below it could complete a bearish H&S pattern in the near term. That could start a downward move toward the critical support of $0.07 and then to the pattern target of $0.06.
If bulls want to gain the upper hand, they will have to push the price above $0.09. That may result in a retest of the $0.10 to $0.11 resistance zone.
MATIC/USDT
Polygon (MATIC) rebounded off the 20-day EMA ($1.32) on Feb. 22 as seen from the long tail on the day’s candlestick. However, the bears sold the recovery and the price tumbled below the 20-day EMA on Feb. 24.
During uptrends, if the 20-day EMA cracks, the short-term bulls tend to book profits. That starts a deeper correction, which sometimes extends to the 50-day SMA ($1.13). Here too, if the bears sustain the price below $1.30, the MATIC/USDT pair may decline to the 50-day SMA. This level is again likely to attract buyers.
If bulls want to prevent a deeper correction, they will have to quickly push the price above the downtrend line. The pair could then rise to $1.50 and subsequently to $1.57.
Related: Bitcoin price continues to fall, but derivatives data hints at a short-term rally to $25K
SOL/USDT
Solana (SOL) failed to rebound off the 20-day EMA ($23.32) in the past two days, indicating a lack of aggressive buying by the bulls. That may have encouraged the bears who pulled the price to the 50-day SMA ($22.19).
The flattening 20-day EMA and the RSI near the midpoint indicate that the buying pressure is reducing. If the 50-day SMA gives way, the SOL/USDT pair may tumble to the next support at $18.73. This is an important level to keep an eye on because a break below it may start a deeper correction to $15.
This negative view will invalidate in the near term if the price turns up from the moving averages and surges above $28. The pair may then quickly run up to $39.
DOT/USDT
Polkadot (DOT) jumped from the 20-day EMA ($6.79) on Feb. 22 and rose above the $7.25 resistance on Feb. 23 but the bulls could not sustain the rebound. This indicates that the bears are attempting a comeback.
The selling continued on Feb. 24 and the bears have pulled the price below the 20-day EMA. The immediate support is at the 50-day SMA ($6.25) but if it cracks, the selling could accelerate and the DOT/USDT pair may dive to $5.50.
If bulls want to invalidate the bearish view, they will have to successfully defend the moving averages and push the price above $7.39. That will indicate strong demand at lower levels. The pair may then rise to $8 and thereafter to $9.50.
SHIB/USDT
The long wick on Shiba Inu’s (SHIB) Feb. 23 candlestick shows that bears are selling on rallies close to the overhead resistance at $0.000014.
The price action of the past few days has formed a symmetrical triangle pattern, indicating indecision among the bulls and the bears. The advantage could tilt in favor of the bears if the price breaks and sustains below the triangle. That may start a slide to the 50-day SMA ($0.000012) and eventually to $0.000011.
Contrary to this assumption, if the price turns up and breaks above $0.000014, it will suggest that bulls are back in the driver’s seat. The SHIB/USDT pair could then climb to $0.000016.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
