BITCOIN INITIATIVE FROM ITALIAN BANK

With the uncertainty in the market playing an active role again after testing the 6970 resistance, BTCUSD retracted the level of 50MA downward on the 4-hour chart. If long positions predominate in the cryptocurrency that is currently pushing 6000 intermediate resistance, 6258 resistance can be considered. If the sales pressure continues, it is thought that it may consist of 5441 support.

It is seen that ETHUSD, which gradually retreated after testing 153 resistance, is advancing in the oversold region. In the cryptocurrency that currently periodically tests 126 resistance level, acceleration up to 153 can be seen if the upward movement continues and the resistance breaks. If the dominance in short positions increases, 110 intermediate support can be followed in the first place.