Do you think there’s a possibility that the “auntie” (ETH) could finish this round of bull-bear transition earlier than the big pie (BTC)?
The daily chart has already firmly closed above the previous high of 2460. Judging solely from the daily structure, the old bear-market pattern—where higher highs kept moving down and lower lows continued to trend lower—has already been directly broken.
But a daily breakout can only be considered an initial signal; the final logic still needs to be confirmed by the weekly chart.
If, going forward, the weekly chart can close with a real body and hold above 2460, it would greatly strengthen the judgment that the bear market has ended. Then 1500 has a very high chance of becoming the bottom of this ETH bear market.
As for the big pie, it is currently stuck around a key watershed level and is caught in back-and-forth testing. In contrast, the “auntie” has already broken the structure first on the daily chart.
That said, you should also be reminded: a structural reversal doesn’t mean a one-way move with no pullbacks. Even after the bear-market bottom is confirmed, there will still be intense shakeouts along the way.
Even if we’re right about the structure, we still must not loosen up on capacity/position sizing and risk control.
$ETH $BTC #比特币创2023年3月来最强周涨幅 #SandboxSAND疑遭无限增发漏洞
The daily chart has already firmly closed above the previous high of 2460. Judging solely from the daily structure, the old bear-market pattern—where higher highs kept moving down and lower lows continued to trend lower—has already been directly broken.
But a daily breakout can only be considered an initial signal; the final logic still needs to be confirmed by the weekly chart.
If, going forward, the weekly chart can close with a real body and hold above 2460, it would greatly strengthen the judgment that the bear market has ended. Then 1500 has a very high chance of becoming the bottom of this ETH bear market.
As for the big pie, it is currently stuck around a key watershed level and is caught in back-and-forth testing. In contrast, the “auntie” has already broken the structure first on the daily chart.
That said, you should also be reminded: a structural reversal doesn’t mean a one-way move with no pullbacks. Even after the bear-market bottom is confirmed, there will still be intense shakeouts along the way.
Even if we’re right about the structure, we still must not loosen up on capacity/position sizing and risk control.
$ETH $BTC #比特币创2023年3月来最强周涨幅 #SandboxSAND疑遭无限增发漏洞