#BTC #ETH
The market's been hanging around 78000 for a while now. My previous call was that the bounce would hit the Fibonacci golden ratio zone of 0.618-0.786, which is a solid short opportunity, specifically in the 78800-84000 range. Ethereum's bounce is a bit weaker, and it hasn't managed to reach the 2540-2740 range as expected. We still need to wait. Currently, the trend for Bitcoin (大饼) is set for a short position, and I reckon we won't see a bottom until around June or July. It's crucial to catch this short; there's still significant downside potential.
The market's been hanging around 78000 for a while now. My previous call was that the bounce would hit the Fibonacci golden ratio zone of 0.618-0.786, which is a solid short opportunity, specifically in the 78800-84000 range. Ethereum's bounce is a bit weaker, and it hasn't managed to reach the 2540-2740 range as expected. We still need to wait. Currently, the trend for Bitcoin (大饼) is set for a short position, and I reckon we won't see a bottom until around June or July. It's crucial to catch this short; there's still significant downside potential.