The probability of the Federal Reserve cutting interest rates by 50 basis points is greater than that of cutting by 25 basis points. If it cuts by 50 basis points, it means that the risk of economic recession is relatively high.
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Qingmeizhubi: Bitcoin is on the edge of a cliff, and the ETH exchange rate has broken!
Bitcoin Market
In the previous article, "Qingmei Zhubi: If there is a waterfall, where will Bitcoin fall?", today we will take a look at the situation from the weekly level.
Judging from the weekly structure of Bitcoin, the market has reached the edge of bullish support again. Throughout the history of Bitcoin, the structures of the three blue circles are similar, and the red circle is more special. At that time, 312 occurred, and Bitcoin fell below both the blue circle and the red circle. I wonder if this time will be an exception?
Ethereum Market
The exchange rate of ETH to BTC fell below the important support of 0.04 (arithmetic coordinate trend line + pattern neckline), and the weekly and daily closings fell below it. The medium and long-term trend of ETH has become very unclear.
In the previous article, "Qingmei Zhubi: If there is a waterfall, where will Bitcoin fall?", today we will take a look at the situation from the weekly level.
Judging from the weekly structure of Bitcoin, the market has reached the edge of bullish support again. Throughout the history of Bitcoin, the structures of the three blue circles are similar, and the red circle is more special. At that time, 312 occurred, and Bitcoin fell below both the blue circle and the red circle. I wonder if this time will be an exception?
Ethereum Market
The exchange rate of ETH to BTC fell below the important support of 0.04 (arithmetic coordinate trend line + pattern neckline), and the weekly and daily closings fell below it. The medium and long-term trend of ETH has become very unclear.
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