BNB and BTC analysis Friday May 6th 2022

VCGamers did the analysis BNB/USDT and BTC/USDT today, Friday 6 May 2022.

This analysis is carried out to predict the movement of BNB/USDT and BTC/USDT crypto assets.

Also read: Listen! This is Crypto Asset Relationship with Metaverse

BNB/USDT analysis

Market conditions this afternoon, after the dump last night had formed a double top which is still in the descending channel reversal pattern area.

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Currently it seems to be starting to rebound back with support
close the bullish hammer candle which is predicted to rise to its first resistance at $382,- / $388,-

Also read: Benefits and Risks of Crypto Investment

BTC/USDT analysis

Market conditions this afternoon, after the dump last night, it's still in the same area as the falling wedge pattern.

There are 2 predictions for the movement of BTC/USDT crypto assets:

If the market is still holding in the falling wedge pattern area which is supported by the bullish hammer close candle, the market will reverse to resistance $38.472,-

If the market cannot stay in the falling wedge area, the market will continue its decline to
support $34.613,-

For your information, investing in crypto assets is a risky thing. Always do your own research (DYOR) to find out the fundamentals of the crypto assets you want to choose to invest in.