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.

在其他新闻中, a note from Goldman Sachs said their meetings with 25 chief investment officers of long-only and hedge funds revealed Bitcoin (比特币) as the least favorite asset for investment.

加密货币市场数据每日视图. 资源: 硬币360

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) 在六月 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.

BTC / USDT日线图. 资源: 交易视图

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) 然后定位到模式目标 $52,622.90.

反之, if the price turns down and breaks below the trendline of the triangle, it will suggest that supply exceeds demand. That could result in a drop to the $30,000 至 $28,000 支撑区.

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.

BTC / USDT 4小时图. 资源: 交易视图

The moving averages on the 4-hour chart have flattened out, 和相对强度指数 (相对强弱指数) is oscillating roughly between 40 和 60, indicating an equilibrium between buyers and sellers.

然而, 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.

反过来, 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

醚 (ETH) turned down from the 50-day SMA ($2.908) 在六月 4 and re-entered the symmetrical triangle. 然而, the positive thing is that bulls did not give up much ground, indicating strong buying near $2,550.

ETH / USDT日线图. 资源: 交易视图

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% 斐波那契回撤水平位于 $3,362.72.

与此假设相反, if the price turns down from the 50-day SMA once again, it will suggest that bears are defending the resistance aggressively. 休息一下 $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.

ETH / USDT 4小时图. 资源: 交易视图

The 4-hour chart shows the formation of an ascending triangle pattern that will complete on a breakout and close above $2,906. 如果发生这种情况, 这对可能会反弹 $3,600 然后定位到模式目标 $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 and then to the critical support at $1,728.74.

ADA / USDT

卡尔达诺 (有) has been stuck in a large range between $1.94 和 $1 在过去的几天里. The altcoin turned down from the resistance on the range on June 4 and has dropped to the moving averages.

ADA / USDT日线图. 资源: 交易视图

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.

突破并在上方收盘 $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 至 $1.22 支撑区.

ADA / USDT 4小时图. 资源: 交易视图

The 4-hour chart shows the formation of an ascending triangle pattern that will complete on a breakout and close above $1.94. 这种看涨设置的目标是 $2.88. 然而, 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 然后到 $1.

SOL / USDT

The bears are attempting to stall Solana’s (溶胶) relief rally at the 61.8% 斐波那契回撤水平位于 $43.38. 然而, the sellers haven’t been able to sink the price below the 20-day EMA ($36.39), which indicates the sentiment has turned positive.

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

VORTECS™ 分数, Cointelegraph专用, 是根据包括市场情绪在内的数据点组合得出的历史和当前市场状况的算法比较, 交易量, 最近的价格走势和Twitter活动.

沃特克斯™ 分数 (绿色) 与. SOL价格. 资源: Cointelegraph Markets专业版

As seen from the chart above, VORTECS™ Score for SOL flipped green on June 1 当价格接近 $32.10.

VORTECS™ Score has consistently remained in the green since then and the price of SOL has rallied to $43.33 今天, 记录一个 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.

SOL / USDT日线图. 资源: 交易视图

The SOL/USDT pair rebounded off the 20-day EMA on June 4 and has bounced off the 50-day SMA ($39.42) 今天. 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% 回撤水平 $49.97 然后达到历史最高点 $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. 然后这对货币可能下跌至 $25.58 and later to $21.

SOL / USDT 4小时图. 资源: 交易视图

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.

反过来, if the price turns down and breaks the 20-EMA, it will suggest that supply exceeds demand. 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 和 5 但失败了. This suggests the bears are defending this resistance aggressively.

THETA / USDT日线图. 资源: 交易视图

然而, the 20-day EMA ($8.19) 已经开始上升,RSI处于积极区域, 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.

如果他们成功, 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.

THETA / USDT 4小时图. 资源: 交易视图

The 4-hour chart shows the pair has turned down from the resistance line of the channel on two occasions. 然而, the bears have not been able to sink and sustain the price below the 20-EMA, 表明需求较低.

If the pair rebounds off the current level, the bulls will make one more attempt to push the price above the channel. 如果他们能够做到这一点, the next leg of the uptrend may begin.

另一方面, 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.

这里表达的观点和观点仅是作者的观点,不一定反映Cointelegraph的观点。. 每笔投资和交易动作都涉及风险, 您在做出决定时应该进行自己的研究.