Next, where should Bitcoin and Ethereum go from here? We will share some thoughts and ideas!

The Bitcoin trend is slightly stronger than expected, starting to rebound before reaching around 80000. In smaller time frames, there are repeated fluctuations, and many altcoins are once again approaching their previous lows. The market is even colder than the weather.

From the perspective of Bitcoin, it is clear that after breaking the ascending wedge, there was a rebound confirmation, continuing to pull back, and overall it is still in a consolidation phase seeking a bottom. Fortunately, the current big coin has already formed a daily level divergence, so the possibility of stabilizing and rebounding around the short support at 86600 is quite large! However, one point to pay special attention to is that during the fluctuations, the position of 83000 cannot be effectively broken. If it breaks, the expected rebound may die before birth, and the big coin will still head towards around 80000. Moreover, seeing a big coin starting with 7 will likely happen soon! On the contrary, if the rebound goes smoothly, I remain relatively optimistic here. If it can stabilize above 90500, the probability of reaching 97000-100000 is not small, and it is even possible to make a second high point afterward!

Ether is slightly stronger than Bitcoin. After breaking the ascending wedge, it has stubbornly returned inside the wedge, currently pulling back to the lower edge at 2920, where there is a high possibility of synchronizing with Bitcoin's stop-loss. The pressure above is at 3040, 3430, and 3830. Finally, let me say a few casual words,

From this point in time, the bear market has just begun. For those who like to dollar-cost average and hold coins, it is still advisable to focus on Bitcoin. It’s not that altcoins can't be held, but the time has not yet come! Each round of bear market cleansing will cause a large number of altcoins to disappear, and now the rise of on-chain US stocks will divert a lot of altcoin funds. If you hold too early, you may end up with a variety that disappears, which poses a greater risk. It’s better to wait until the end of the bear market to make this move!

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