Good afternoon, brothers.
The current market situation is a bit frustrating; every time there’s a slight increase, it pulls back again. The market keeps making V-shaped turns, and if you make the wrong move, it can be quite painful. However, the market is still here, with BTC rising continuously from 69k to 108k. After some consolidation, the market will be healthier.
Currently, Ethereum's trend seems to be a bit stronger than Bitcoin's. A double bottom divergence has appeared in the 15-minute chart, and I estimate that Ethereum will rise a bit during the day. I previously mentioned that this market isn’t suitable for bottom-fishing yet; before the actual trend comes, I expect it to dip further for a washout. I still hold my previous view that we should enter when Bitcoin approaches around 90k. Right now, Bitcoin hasn’t stabilized at 99k, and the bullish trend isn’t obvious, so don’t rush to enter blindly.
Thanks for following me. I will also start a Binance live stream to bring everyone wealth secrets!