The market structure of Bitcoin and Ethereum has not changed significantly. They still see a decline and continue to hold short orders.
Bitcoin is constructing a right shoulder pattern of a head and shoulders top. The consolidation structure in the middle can be wxy or wxyxz, which means another bounce. The difference between the two is whether it can smoothly fall to the 26,000 range and form a trend structure.
If it can fall to the 26,000 range, it is possible to form a downward trend structure, and then the top of 28,620 can be determined.
