Is there still room for $BTC $ETH to rise?🤔
BTC and ETH have almost parallel trends, with ETH fluctuating between 2600-2700, while BTC is in the 82000-84000 range. The next step is a continued rise: ETH breaking through 3000, BTC heading towards 90,000.
Or will it end here, a "flash in the pan" in the bear market? But personally, I don't think it's a "flash in the pan" at the moment. From the daily chart, ETH's trend line is still intact and has potential to rise further.
We can see BTC and ETH have been fluctuating for about a week, encountering support at 82000 and 2600 respectively, with support holding effectively. Also, although whales are shorting ETH, besides possibly "hedging," whales have increased ETH margin, raising the liquidation price from 3200-3400 to around 4300.
Regarding Hayes' view that ETH will rise to $10,000, personally I think the probability is low. Upward breakthroughs depend on sentiment recovery and capital inflow. Also, ETH may need a "catalyst" such as new narratives, technological upgrades, or innovations to attract funds to rise further.🤔
Currently, I don't think the range can be bearish long-term unless the key support level breaks with volume. If the decline stops at key support, it could be an entry opportunity. If the drop is limited, from a mid-to-long-term perspective, going long is relatively better than shorting.🤔 Be cautious of risks!
#TrumpRejectsAIRulesForVoluntaryAudits
BTC and ETH have almost parallel trends, with ETH fluctuating between 2600-2700, while BTC is in the 82000-84000 range. The next step is a continued rise: ETH breaking through 3000, BTC heading towards 90,000.
Or will it end here, a "flash in the pan" in the bear market? But personally, I don't think it's a "flash in the pan" at the moment. From the daily chart, ETH's trend line is still intact and has potential to rise further.
We can see BTC and ETH have been fluctuating for about a week, encountering support at 82000 and 2600 respectively, with support holding effectively. Also, although whales are shorting ETH, besides possibly "hedging," whales have increased ETH margin, raising the liquidation price from 3200-3400 to around 4300.
Regarding Hayes' view that ETH will rise to $10,000, personally I think the probability is low. Upward breakthroughs depend on sentiment recovery and capital inflow. Also, ETH may need a "catalyst" such as new narratives, technological upgrades, or innovations to attract funds to rise further.🤔
Currently, I don't think the range can be bearish long-term unless the key support level breaks with volume. If the decline stops at key support, it could be an entry opportunity. If the drop is limited, from a mid-to-long-term perspective, going long is relatively better than shorting.🤔 Be cautious of risks!
#TrumpRejectsAIRulesForVoluntaryAudits