As the bottom gradually lowers, the rebound amplitude is compressed, and the one-day rebound market seems to be coming to an end. The entire market has also reached the lower part of the previously mentioned fluctuation range. If it stabilizes here, it can be the starting point of a rebound market. Once it breaks down, it will mark the beginning of a new decline.
Bitcoin is between 65000 and 71000, and the rebound has already reached the edge of this fluctuation range. From the RSI, the current buying strength is weak, which also causes the MACD golden cross to fail to rise. The market in the past two days has also experienced a lot of decline. The probability of the support at 65000 holding is low, and once it increases in volume, it will test lower points than the previous round. If it breaks below 60000, the first entry point we expect will not be far.
Ethereum is between 1850 and 2150, and similarly, it has also come to the lower part of this range after the rebound. The bottom is gradually lowering. Although there is a rebound trend now, during Bitcoin's decline, Ethereum is just a slightly larger market cap altcoin, and risks must also be noted.
In such a sluggish market, the performance of fan tokens is still a consolation. The ATM surged to 1.5 and has now dropped back to around 1.1. After hitting a historical low, the rebound has not yet ended. I bought some around 1.1 in preparation for another wave of rebound.
