On Oct. 15, news that a Bitcoin (BTC) биржевой фонд (ETF) could start trading as early as next week sent Bitcoin price to $62,933 but the rally has cooled off since then.

Some market participants believe that traders who bought the rumor of approval for a Bitcoin ETF product may sell on the news. Crypto trading firm QCP Capital said in an update that the approval of futures-based ETFs is unlikely to provide a long-term boost for Bitcoin prices similar to the one seen in the fourth quarter of 2020.

While high volatility cannot be ruled out in the near term, investors should focus on the major trend and not get caught in minor corrections that are part of the path to new all-time highs.

Ежедневный просмотр данных крипторынка. Источник: Монета360

According to Foxbit founder João Canhada, his daughter has earned a 6,500% profit on the one Bitcoin gift she received when she was born in 2017. Although she couldn’t have traded the coin at such a young age, the returns show that patient investors who are not perturbed by a minor fall can end up with huge returns.

Could Bitcoin’s rally to a new all-time high pull altcoins along with it? Let’s study the charts of the top-5 cryptocurrencies that could outperform in the short term.

BTC / USDT

Биткойн взлетел над $58,000 resistance and the psychological mark at $60,000 октябрь. 15. The bears are attempting to stall the up-move at $62,933 but the positive sign is that bulls have not given up much ground. This suggests that traders are not closing their positions after the recent up-move because they anticipate another leg up.

Дневной график BTC / USDT. Источник: TradingView

Both moving averages are sloping up and the relative strength index (RSI) is in the overbought zone, указывает на то, что быки контролируют. If the price turns up from the current level and breaks above the $62,933 к $64,854 зона сопротивления, the BTC/USDT pair may rally to $75,000.

The immediate support to watch on the downside is $58,000. A break and close below this level could prompt short-term traders to book profits, pulling the price down to the 20-day exponential moving average ($54,336).

A bounce off the 20-day EMA will suggest that sentiment remains positive and traders are buying on dips. Затем быки сделают еще одну попытку возобновить восходящий тренд.. Наоборот, a break and close below the 20-day EMA will suggest that the bullish momentum has weakened.

BTC / USDT 4-часовой график. Источник: TradingView

The pair has been rising in a steady uptrend on the 4-hour chart. The bears have not been able to sink and sustain the price below the 50-simple moving average since the pair broke above the symmetrical triangle.

Если цена отскочит от 20-ЕМА, возможность перерыва выше $62,933 may increase because it will suggest that traders are not waiting for a deeper correction to buy. This bullish assumption will invalidate if bears sink and sustain the pair below the 50-SMA. Such a move could open the doors for a drop to $54,000 а затем в $52,290.

ETH / USDT

Эфира (ETH) break and close above the neckline on Oct. 14 completed the inverse head and shoulders pattern. The long wick on the Oct. 16 candlestick suggests that bears are attempting to stall the up-move in the $4,000 к $4,027.88 зона.

Дневной график ETH / USDT. Источник: TradingView

Если цена развернется вниз от текущего уровня, the ETH/USDT pair could drop to the breakout level at the neckline. Это важная поддержка для защиты быков.. Если цена отскочит от этого уровня, the bulls will again try to clear the overhead hurdle.

Прорыв и закрытие выше $4,027.88 could clear the path for a rally to the all-time high at $4,372.72 and next to the pattern target at $4,657. Наоборот, a break below the moving averages could sink the price to $3,257. The bears will gain the upper hand if this support is breached.

4-часовой график ETH / USDT. Источник: TradingView

The bears are defending the psychological resistance at $4,000 while bulls are trying to keep the price above the 20-EMA. The RSI has dropped close to the midpoint and the 20-EMA is flattening out, suggesting a possible consolidation in the near term.

Перерыв и закрытие выше $4,000 could signal the resumption of the up-move. Наоборот, a break below the neckline of the setup will be the first sign that the momentum may be weakening. Затем пара может снизиться до $3,400.

SOL / USDT

Солана (СОЛЬ) broke out and closed above the downtrend line on Oct. 15 which is the first sign that bulls are attempting a comeback. The bears tried to pull the price back below the downtrend line on Oct. 16 но не удалось.

Дневной график SOL / USDT. Источник: TradingView

If bulls sustain the price above the downtrend line, the SOL/USDT pair could rise to the 61.80% resistance at $177.80. This is an important level for the bears to defend because if bulls clear this hurdle, the pair could rise to the 78.6% уровень восстановления на $194.60 and later retest the all-time high at $216.

Вопреки этому предположению, if the price turns down from the current level or the overhead resistance and breaks below the moving averages, it will suggest that traders are closing their positions on pullbacks. The pair could then drop to the critical support at $116.

4-часовой график SOL / USDT. Источник: TradingView

The 4-hour chart shows that the pair has been trading between $156.36 и $165.61 since breaking out of the downtrend line. If buyers propel and sustain the price above $165.61, the uptrend may resume.

The first target is the overhead zone between $174.86 и $177.79. Альтернативно, разрыв и закрытие ниже $156.36 could open the doors for a decline to $147.11. До тех пор, the pair may continue to consolidate in the tight range.

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MATIC / USDT

Многоугольник (MATIC) has been trading in a large range between $1 и $1.80 за последние несколько дней. 20-дневная EMA ($1.32) has started to turn up and the RSI has risen into the positive territory, indicating that bulls are attempting to gain the upper hand.

Дневной график MATIC / USDT. Источник: TradingView

The MATIC/USDT pair could rise to $1.80 which is likely to act as a tough obstacle. Если цена отклонится от этого сопротивления, пара может упасть до 20-дневной EMA.

A strong rebound off this support will suggest that sentiment has turned positive and traders are buying on dips. Это увеличит вероятность разрыва и закрытия выше $1.80.

Если это произойдет, the pair could start a new uptrend to $2.40 and then retest the all-time high at $2.70. Наоборот, если цена развернется вниз от текущего уровня и пробьет скользящие средние, пара могла скользить к $1.20 а затем в $1.

MATIC / USDT 4-часовой график. Источник: TradingView

Both moving averages are sloping up and the RSI is in the positive zone, suggesting that bulls have the upper hand in the short term. The bulls pushed the price above the overhead resistance zone at $1.45 к $1.50 but selling at higher levels has pulled the price back into the zone.

Если цена отскочит от 20-ЕМА, the bulls will make one more attempt to resume the up-move. Прорыв и закрытие выше $1.63 может расчистить путь для митинга $1.80. This positive view will invalidate if the price turns down and breaks below $1.45.

FTM / USDT

Fantom’s FTM token is in a strong uptrend. Быки успешно отстояли пробой на уровне $1.94, indicating that sentiment remains positive and traders are buying on dips.

Дневной график FTM / USDT. Источник: TradingView

The upsloping moving averages indicate advantage to buyers but the negative divergence on the RSI is warning that the bullish momentum may be weakening. If bulls push the price above $2.45, the uptrend may continue, with the next target objective at $3.20.

С другой стороны, если цена снизится с $2.45, the FTM/USDT pair may drop to $1.94 and consolidate between these two levels for a few days. A break and close below the 20-day EMA ($1.85) may signal the start of a deeper correction.

FTM / USDT 4-часовой график. Источник: TradingView

The bulls are currently attempting to sustain the price above the descending channel. Если им удастся это сделать, пара могла подняться до $2.45. This level may act as stiff resistance but if bulls overcome it, the uptrend may resume.

Альтернативно, если цена не может удержаться выше канала, это будет означать, что спрос иссякает на более высоких уровнях. The pair may then continue to trade inside the channel. A break and close below the channel could pull the pair down to $1.50.

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