BTC Breaks Support, Dips Sharply
BTC’s dip overnight has the MFI almost off the chart this morning. It looks like we’re trying to find support currently after wicking down to around $58,700. The MACD’s momentum is swinging upwards, and the EMAs look like they may be preparing to bottom out soon.
ETH’s indicators for both the MFI and the MACD are following BTC’s patterns as well, with the MFI off the chart on the two-hour chart.