# Blockchain Market Dynamics 🌐

As of press time, BTC and ETH have rebounded 21% and 18% respectively from their bottoms following the August 4 crash. However, Aurelie Barthere, chief research analyst at Nansen, reminds everyone that the worst may not be over yet. She noted that the daily trends for BTC and ETH remain negative, with the 50-day moving average about to fall below the 200-day moving average, forming a "death cross."

BTC needs to stay above $62,000 to avoid a bearish signal, but the all-time highs between $70,000 and $71,000 remain strong resistance. ETH is also showing a similar trend and needs to stay above $2,700.

How do you think the market will develop? See you in the comments! 💬