The downtrend is coming one after another, and the market is once again shrouded in panic. Bitcoin and Ethereum are in an accelerating downward trend, and by April or May, we may reach our expected position, so we need to be prepared in advance.
Bitcoin has come down from 76000, and it has already completed a rebound within the downtrend channel. Currently, support is at 66000, and this level is unlikely to hold. A break below this level would signal the beginning of Bitcoin's decline, testing the 60000 mark. The strategy here is to short on rebounds; a break below 66000 is a key signal that the downtrend is indeed upon us.
Ethereum below 2000 will be seen very soon, with support around 1900, similar to Bitcoin. However, Ethereum's resilience is not as strong as Bitcoin's. With Bitcoin showing an accelerated downward trend, Ethereum will only fall faster and further, approaching the previous low around 1700.
This is a judgment on the recent trends of the entire market. Due to the impact of ongoing war news, there will be some unpredictable fluctuations in between, but it will not affect the overall trend of the market in the near term.
