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Beautiful bubbles
A瞬间 fireworks
On Thursday night, when the US stocks fell, Bitcoin and Ethereum didn't follow
I once thought they would completely decouple from Bitcoin
Because it had been falling for a long time
Ugh
Turns out they were holding back a big move
Yesterday, the US stocks had a sharp drop
Bitcoin and Ethereum followed with an unlimited crash
From the chart,
Bitcoin reached near the white trend line
Ethereum directly reached near the previous breakout trend line
If it keeps falling, it will return to the major downward zone
It was hard-won to break through it
Sigh
Looking again at the US stocks,
They are also expected to retest the lower trend line nearby
Still some distance away
Bitcoin and Ethereum are expected to retrace with the US stocks next week
Currently, Bitcoin's support is around 58,000, but it feels like it can't hold
It also seems to need to test the original downward trend line
Ethereum might fall back inside the trend line, as usual
Beautiful bubbles
A瞬间 fireworks