The Moving Average Convergence Divergence (MACD) on the 4-hour chart has crossed below the Signal line, and both are below zero; the widening negative histogram indicates increasing bearish pressure. Nevertheless, the Relative Strength Index (RSI) at 50 eases confidence, maintaining momentum near the key support. An upward trend line from $4,526.24 supports the structure, offering support at $5,174.74; a sustained rebound from this area could strengthen the recovery, while a close below it would expose deeper retracement levels.

View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Contains AI-generated content
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin