ETH Today's Analysis


Due to the US stock market opening last night, ETH dipped to as low as 1551 within a few hours, and BTC broke through a new low directly. Although today's double bottom formation occurred, don't think it's a reversal signal. I personally believe the rebound is weak and its sustainability is questionable. Looking at the daily chart on a larger scale, it's a giant head and shoulders top pattern, which may lead to a third bottom test and a breakdown decline. Therefore, the risk of bottom-fishing is currently high. For short-term intraday operations, the recommendation is mainly bearish, first look at around 1620 #BTC下探60000美元关键关口 $BTC $ETH
BTC0.14%
ETH-0.12%
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Will BTC and ETH see a reversal?
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