$BTC $ETH The market action right now is very interesting. Bitcoin is showing strong bullish momentum, but futures open interest has declined noticeably, suggesting that many longs have already taken profit.
Ethereum is even more interesting by comparison. Although its price action has been weak, its open interest hasn’t changed much.
My personal view is that Bitcoin will surge higher over the next few days, leading Ethereum to break out. Once Ethereum breaks out, it could see a substantial rally, while Bitcoin gradually moves sideways and drifts lower. Let’s wait and see!
For newcomers and longtime friends who want to learn, just check out my official account, “My Base Camp” 😘😘
Ethereum is even more interesting by comparison. Although its price action has been weak, its open interest hasn’t changed much.
My personal view is that Bitcoin will surge higher over the next few days, leading Ethereum to break out. Once Ethereum breaks out, it could see a substantial rally, while Bitcoin gradually moves sideways and drifts lower. Let’s wait and see!
For newcomers and longtime friends who want to learn, just check out my official account, “My Base Camp” 😘😘
