Bitcoin, Ethereum recent market trend analysis

Recently, assets worldwide have been accelerating their decline. Gold has now fallen below 42,000, nearly erasing the gains made over the past six months. Bitcoin and Ethereum are also teetering, with a big drop feeling imminent. I hope my intuition is wrong.

Back to Bitcoin, from the weekly chart perspective, medium- to long-term holdings are quite rare. Whether it's a bullish or bearish setup, there may be short-term huge unrealized gains, but the market quickly reverses, turning those gains into losses, and then into massive unrealized losses. The fluctuations of this kind can easily affect your mindset. So, if you find yourself in this situation, you should stop trading. Currently, Bitcoin's intraday support is around 67,300, with major support below at 64,000 to 65,000. This round of Bitcoin may also fall to around 61,000 or even break below. Once market sentiment becomes extremely panicked, support levels won't hold, and institutions may be forced to sell under pressure. Be mentally prepared for Bitcoin to break below 60,000. This decline has seen no significant rebounds, indicating that the downward trend may not be over yet. For long-term holders, your safety zone is best below 59,000; otherwise, it's very risky.

Back to Ethereum, its trend is weaker than Bitcoin. Ethereum's stability has always been unpredictable, so I prefer trading Bitcoin. Support below Ethereum is around 1,920, with further support at 1,820. Currently, Ethereum is supported around 2,020, which is the 15-minute price bottom. Resistance above is near 2,090 and 2,120. Understanding resistance and support means that when the price reaches a suitable level, you'll decide whether to buy or sell. When selling significantly exceeds buying, resistance exists, and vice versa.

Continuous stop-losses are signals that you should stop trading. If you can't strictly follow your trading system, you're already in trouble!
$BTC ‌$ETH ‌#