BTC and ETH are fighting fiercely, and it takes calm insight to seize opportunities!
In the market, we are often prone to excessive longing for a single trend, but ignore the fierce battle and shock adjustment between long and short before the trend is formed. Just as the waves must experience countless ups and downs before rushing to the shore, the market is also so that the market turns 800 times in one day, which is actually the norm rather than anomaly.
At present, the trend of BTC and ETH vividly illustrates this point. BTC is hovering around 56700, and ETH is swinging around 2345. These former support levels have now turned into heavy pressure, testing the patience and wisdom of the market.
The abnormal trend of ETH I mentioned today has further confirmed the unpredictability of the market. From the initial subtle changes to the subsequent continuous decline, even the 2300 support level I initially estimated was not spared. This makes people reflect that the depth and complexity of the market far exceeds our imagination, and any prediction needs to be cautious.
It is particularly noteworthy that Ethereum's top divergence phenomenon has not yet fully released its energy, which means that there is still great adjustment pressure within the market. Facing such a market, we should remain calm and rational, not be confused by short-term fluctuations, but examine the market trend and logic from a more macro perspective.
