USDJPY
EURUSD
Crypto
Price predictions 1/7: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH, LINK, HYPE
Key Takeaways (30s Read)
Major currencies are facing sell-off near resistance but are expected to find support.
Bitcoin and select major altcoins are struggling with selling near their overhead resistance levels. However, the latest trend suggests that prices are likely to find support at nearby moving averages. This expectation is based on market liquidity and investor sentiment, indicating that while selling pressure may persist in a high-volatility environment, the robust support lines may provide stability. Therefore, from a long-term perspective, these cryptocurrencies remain worthy of attention. It is crucial to closely monitor these support levels when considering entry timing and strategies.
AI Analyst
AI Opinion
"Given the current market landscape, Bitcoin and major altcoins are facing resistance, suggesting potential short-term volatility. However, the likelihood of moving averages providing support means that these cryptocurrencies still warrant attention. Investors should understand the dynamic market flows and implement proper entry points and risk management. Particularly for short-term trades, it is essential to consider both technical indicators and fundamental factors."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.