When the sentiment in the market turns bearish, every bit of negative news, however insignificant, pulls the price down as traders panic sell. This is what happened after China’s social media giant, Weibo, suspended a number of crypto-related accounts and triggered fears that a wider crackdown could occur.

Trong những tin tức khác, a note from Goldman Sachs said their meetings with 25 chief investment officers of long-only and hedge funds revealed Bitcoin (BTC) as the least favorite asset for investment.

Dữ liệu thị trường tiền điện tử xem hàng ngày. Nguồn: Coin360

While the news may be negative in the short term, it is unlikely to change the long-term story of Bitcoin. As the price corrects, several institutional investors are likely to consider crypto investments to hedge their portfolio against the possible surge in inflation in the United States.

From the perspective of most traders, Bitcoin’s current decline continues to represent a buying opportunity for the longer term.

Let’s analyze the charts of the top-5 cryptocurrencies that may outperform in the next few days.

BTC / USDT

Bitcoin turned down from the 20-day exponential moving average ($39,127) vào tháng sáu 3 but is finding support near the trendline of the triangle. This shows that bulls are buying on dips, and bears are selling on rallies.

Biểu đồ hàng ngày BTC / USDT. Nguồn: TradingView

The next trending move is likely to start after the price escapes from the triangle. If the bulls propel and sustain the price above the resistance line, the BTC/USDT pair could rally to the 50-day simple moving average ($47,198) và sau đó đến mục tiêu mẫu tại $52,622.90.

Ngược lại, if the price turns down and breaks below the trendline of the triangle, nó sẽ gợi ý rằng cung vượt quá cầu. That could result in a drop to the $30,000 đến $28,000 vùng hỗ trợ.

If this zone cracks, the selling could intensify as several traders who bought recently may exit their positions. That may pull the price down to $20,000.

Biểu đồ 4 giờ BTC / USDT. Nguồn: TradingView

The moving averages on the 4-hour chart have flattened out, và chỉ số sức mạnh tương đối (RSI) is oscillating roughly between 40 và 60, indicating an equilibrium between buyers and sellers.

Tuy nhiên, this state of uncertainty is unlikely to continue for long and the price is likely to break above or below the triangle in the next few days. If the price breaks out and sustains above the triangle, it will suggest the setup acted as a reversal pattern.

Ngược lại, if the price breaks below the triangle, it will suggest that the current consolidation was a temporary halt in a strong downtrend. It is difficult to predict the direction of the breakout, hence traders may wait for the break to happen before considering fresh positions.

ETH / USDT

Ether (ETH) turned down from the 50-day SMA ($2.908) vào tháng sáu 4 and re-entered the symmetrical triangle. Tuy nhiên, the positive thing is that bulls did not give up much ground, indicating strong buying near $2,550.

Biểu đồ hàng ngày ETH / USDT. Nguồn: TradingView

If the buyers drive the price above the resistance line of the triangle, the ETH/USDT pair may again challenge the 50-day SMA. A breakout and close above this resistance could clear the path for a move to the 61.8% Mức thoái lui Fibonacci tại $3,362.72.

Trái ngược với giả định này, if the price turns down from the 50-day SMA once again, it will suggest that bears are defending the resistance aggressively. Nghỉ ngơi bên dưới $2,550 could pull the price down to the support line of the triangle. A break below the triangle will be the first indication that the bears are back in the driver’s seat.

Biểu đồ 4 giờ ETH / USDT. Nguồn: TradingView

The 4-hour chart shows the formation of an ascending triangle pattern that will complete on a breakout and close above $2,906. Nếu điều đó xảy ra, cặp đôi có thể tập hợp để $3,600 và sau đó đến mục tiêu mẫu tại $4,083.26.

This bullish view will invalidate if the price turns down and breaks below the trendline of the triangle. The bears will then try to pull the price down to $2,200 và sau đó là hỗ trợ quan trọng tại $1,728.74.

ADA / USDT

Cardano (CÓ) has been stuck in a large range between $1.94 và $1 trong vài ngày qua. The altcoin turned down from the resistance on the range on June 4 and has dropped to the moving averages.

Biểu đồ hàng ngày ADA / USDT. Nguồn: TradingView

The bulls are currently attempting to defend the zone between the 20-day EMA ($1.66) and the 50-day SMA ($1.55). If the price rebounds off the current levels, it will suggest the sentiment is turning positive and traders are buying the dips to the moving averages.

Một đột phá và kết thúc ở trên $1.94 will indicate the bulls are back in the driver’s seat. If the price sustains above this level, the ADA/USDT pair could retest the all-time high at $2.47. A break above this resistance will indicate the start of the next leg of the uptrend.

This positive view will invalidate if the pair turns down and breaks below the 50-day SMA. The bears will then try to pull the price down to the $1.33 đến $1.22 vùng hỗ trợ.

Biểu đồ 4 giờ ADA / USDT. Nguồn: TradingView

The 4-hour chart shows the formation of an ascending triangle pattern that will complete on a breakout and close above $1.94. Thiết lập tăng giá này có mục tiêu là $2.88. Tuy nhiên, it is unlikely to be a straight dash to the target because the bears may mount a stiff resistance at the current all-time high at $2.47.

The 20-EMA has started to turn down and the RSI is just below the midpoint, suggesting a possible drop to the trendline of the triangle. A break below this support will invalidate the bullish setup and that may result in a drop to $1.36 và sau đó đến $1.

SOL / USDT

The bears are attempting to stall Solana’s (SOL) relief rally at the 61.8% Mức thoái lui Fibonacci tại $43.38. Tuy nhiên, the sellers haven’t been able to sink the price below the 20-day EMA ($36.39), which indicates the sentiment has turned positive.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for SOL on June 1, before the rally picked up momentum..

VORTECS™ Ghi bàn, độc quyền cho Cointelegraph, là một so sánh thuật toán giữa các điều kiện thị trường lịch sử và hiện tại bắt nguồn từ sự kết hợp của các điểm dữ liệu bao gồm cả tâm lý thị trường, khối lượng giao dịch, biến động giá gần đây và hoạt động trên Twitter.

VORTECS™ Ghi bàn (màu xanh lá) vs. Giá SOL. Nguồn: Cointelegraph Markets Pro

As seen from the chart above, VORTECS™ Score for SOL flipped green on June 1 khi giá gần bằng $32.10.

VORTECS™ Score has consistently remained in the green since then and the price of SOL has rallied to $43.33 hôm nay, ghi lại một 35% gain in five days. This shows how the VORTECSScore gave an early indication of a counter trend rally even as other tools would have been bearish.

Biểu đồ hàng ngày SOL / USDT. Nguồn: TradingView

The SOL/USDT pair rebounded off the 20-day EMA on June 4 and has bounced off the 50-day SMA ($39.42) hôm nay. This suggests the bulls are not waiting for a deeper correction to buy.

If buyers drive the price above $43.38, it will indicate the downtrend is over. The pair could then rally to the 78.6% mức thoái lui tại $49.97 và sau đó lên mức cao nhất mọi thời đại ở $58.38. The 20-day EMA has started to turn up and the RSI is in the positive territory, suggesting the buyers have the upper hand.

This positive view will invalidate if the price turns down and slumps below the trendline. Sau đó, cặp đôi này có thể từ chối xuống $25.58 and later to $21.

Biểu đồ 4 giờ SOL / USDT. Nguồn: TradingView

The moving averages on the 4-hour chart have turned up and the RSI is trading in the positive territory, suggesting the bulls are making a comeback. The up-move may pick up momentum if buyers thrust the price above $43.38.

Ngược lại, if the price turns down and breaks the 20-EMA, nó sẽ gợi ý rằng cung vượt quá cầu. The pair could then drop to the 50-SMA and then to the trendline. A break below the trendline will indicate that bears are back in the game.

THETA / USDT

THETA is trading inside a descending channel. The bulls attempted to push and sustain the price above the resistance line of the channel on June 4 và 5 nhưng không thành công. This suggests the bears are defending this resistance aggressively.

Biểu đồ hàng ngày THETA / USDT. Nguồn: TradingView

Tuy nhiên, the 20-day EMA ($8.19) has started to turn up and the RSI is in the positive territory, indicating the bulls have a slight advantage. If the THETA/USDT pair rebounds off the 20-day EMA, the buyers will make one more attempt to propel the price above the channel.

Nếu họ thành công, it will suggest the downtrend could be over. The pair could then start an up-move to $13 and later to the all-time high at $15.88. This bullish view will invalidate if the bears sink and sustain the price below the 20-day EMA. Such a move could result in a decline to $6.

Biểu đồ 4 giờ THETA / USDT. Nguồn: TradingView

The 4-hour chart shows the pair has turned down from the resistance line of the channel on two occasions. Tuy nhiên, the bears have not been able to sink and sustain the price below the 20-EMA, indicating demand at lower levels.

If the pair rebounds off the current level, the bulls will make one more attempt to push the price above the channel. Nếu họ quản lý để làm điều đó, the next leg of the uptrend may begin.

Mặt khác, if the price breaks below the 20-EMA, the pair could slide down to the 50-SMA. A break below this support will suggest the start of a deeper correction.

Các quan điểm và ý kiến ​​được trình bày ở đây chỉ là của tác giả và không nhất thiết phản ánh quan điểm của Cointelegraph. Mọi động thái đầu tư và giao dịch đều có rủi ro, bạn nên tiến hành nghiên cứu của riêng mình khi đưa ra quyết định.