The market has been bearish for a while, and the market trend largely aligns with our expectations. Bitcoin has fallen from a peak of 76000, and we expect it to be bearish below 70000, with fluctuations of around 8000 points within our expectations. Currently, there are signs of stabilization in the trend, and if it can hold the 71000 position, it may try to reach around 74000 in the near future.
Seeing Ethereum below 2000, currently at a low near 2100. Due to the stabilization of Bitcoin, Ethereum's retreat has also come to a pause. Currently, its trend is weaker than Bitcoin, with recent resistance around 2180. Without macroeconomic news affecting the market, it will likely experience slight fluctuations around this position.
Opportunities for altcoins in a bear market are limited, and the risk of losses caused by random movements is quite high. It is advisable to retain more capital and wait for a deeper bear market to buy higher quality assets.
#ETH trend analysis