Today I tried to look at the market from another angle. The market is now bullish and bearish from a pure K-line perspective. It opens at 55.
Let’s try to look at the ETH-BTC exchange rate pair in a very dangerous place. This is the decline process of ETH-BTC on the weekly level, and the daily level supports the position of 0.0383.
If it falls below strongly, it will have a great impact on the market of ETH [the impact of the decline] because the support will be around 0.03 if it continues to fall.
Therefore, ETH-BTC did not recover when it fell below, and when it fell sharply, it could bring the currency circle down.
