How should the cryptocurrency market go? Let's take a look at these data.

Bitcoin and Ethereum are both close to the neckline resistance of the double bottom, which is around 64,500 for BTC and 2,520 for ETH. This is the turning point of the short-term market. Many ultra-short-term profit-taking positions are here, and there is a certain resistance.

If you are long, you can take some profits instead of entering the market now and betting that it will break through. You can trade on the right side and wait for it to stand above the neckline. This will be a strong signal and you can increase your position accordingly. If it doesn't break through, you will be even happier and can buy again at a low price!

In the long run, the issuance of hot money USDT in the cryptocurrency market continues to rise, which has always been a very strong rising signal.

However, Bitcoin has fallen a lot in the past six months, which makes some people feel desperate. I think this is a long-term bullish divergence. The current cryptocurrency market is still in a value trough, just waiting for an outbreak point!