At present, almost all 15-minute moving averages of BTC and ETH are in a short position. BTC's daily line has been dead forked for several days and has not been able to break through the trend pressure. The trend is very weak and may accelerate downward. According to the wave pattern, it may go to a small 3-wave correction, breaking the previous low of 90,800 to around 90,000, and the time is around 5/6;
ETH's 15-minute is also in a short position, but it is relatively strong compared to the big cake daily line. First look at the 3540 trend line support, and then look at the 20-day moving average of around 3400;
The current market should be considered a small correction at the beginning of the month. In the big trend, The rising pattern remains unchanged, so there is no need to panic. There are opportunities when the price drops.
BTC’s popularity and share have dropped, but the altcoins have become stronger. They have followed ETH’s rise and even moved independently. Once there is a rebound, the market will be pulled up. Basically, the altcoin season is coming, or it has already come. The old altcoins have more than doubled. The general trend is completely bullish. The pullback is an opportunity to increase the spot position and wait for the outbreak.
