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If you said the market movement in the previous period was “playing dead,” then these past two days are where it’s starting to cautiously revive!!!
$btc The most critical level right now is around 65,000. If it can hold above 66,000, it will most likely continue to probe 67,000–70,000; but if it falls back below 64,000 again, then it would likely return to the choppy range of 62,000–60,000.
What’s most interesting now is that $eth is starting to outperform the BTC. If, on a weekly basis, it pulls up above 2,000, it’s likely setting up a head-and-shoulders-bottom pattern; but this cycle is around half a year—if you want a big breakout, it’s likely going to be next year.
In the near term, as long as BTC doesn’t suddenly plunge, the altcoin ratio will enter a stretch of short-term bull run.