BTC & ETH The bitcoin price recovered above $ 33,000, but failed to rise above $ 35,000 against the US dollar. BTC is retreating from the 100-hour SMA and may increase its losses. Bitcoin has started a decent recovery and has risen above the $ 34,000 level. The price is currently facing obstacles in the area of $ 34,000 and a 100-hour simple moving average. On the hourly chart of the BTC / USD pair, a critical bearish trend line is formed with a resistance of about 33,800 US dollars (data flow from Kraken). The pair must overcome the 100-hour SMA and $ 34,000 in order to continue growing in the near future. Ethereum tried to recover decently, but could not exceed $ 2000 against the US dollar. The ETH price reduces the profit and may continue to decline to $ 1,850. Ethereum failed to overcome the resistance levels of $ 2050 and $ 2060. The price is well below $ 2000 and the 100-hour simple moving average. On the hourly chart of ETH / USD, a critical bearish trend line is formed with a resistance of about 2060 US dollars (data flow through Kraken). Most likely, the pair will continue to decline if there is no strong close above $ 2,000 in the near future. #CryptoTrading
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