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From a morphological and structural perspective,
ETH’s daily chart has already formed a clear bottoming pattern,
and it is almost identical to the way BTC’s monthly chart formed its major bottom.
In plain terms:
As long as ETH holds the market steady now and gradually consolidates while rising,
then over the next few months, BTC’s overall market performance will also move up in sync,
completely bidding farewell to the previous steady downward drift.
Many people can’t make sense of the medium- to long-term main direction for the market.
Actually, there’s no need to make it overly complicated—just keep an eye on ETH’s daily chart.
ETH’s daily chart has clearly started to stabilize and hold,
and the strength of the bulls is gradually increasing as well.
In the coming few months,
the market will basically not replay that kind of one-way, brutal sell-off from November to February.
Instead, the whole market will slowly grind out a base, shoring up the bottom,
and a new round of uptrend cycle is quietly brewing.
Risk reminder: This article is only a personal sharing of market views and does not constitute any investment advice. You are responsible for any gains or losses.
$BTC $ETH