Bitcoin lingers near $10,000, Ethereum falls flat

Yesterday, Bitcoin and Ethereum experienced another round of falls. It can be said that the previous phased increase (unhealthy increase, attracting more, as mentioned in the previous article on currency holders). The current Bitcoin bottoming pattern is similar to the previous double-needle bottoming pattern before the phased rise, but they cannot be treated as the same. Before the staged rise, the market was hot, and the main funds followed the trend.

BTC market analysis: In addition to today’s downward needle, the Bitcoin market can be regarded as a three-needle bottom. Today’s lowest point has touched the 9834.77 line, which can be said to refresh the previous low of 9900. On the whole, although these three needles are a waterfall market, but the lower shadow line is long, it can be said that the pallet is serious, and you need to look at Ethereum if you look at Bitcoin.

ETH market analysis: Compared with Bitcoin's three-needle bottoming, it has been reluctant to stay above the 10,000 mark. Ethereum is much simpler. Leading the rise is arrogant, and the fall will never stop. Yesterday, the currency holders also said that the suppression of the Ethereum 400 mark was strong, and today the market price of Ethereum is approaching the 300 mark. Combining the two, the leading Ethereum is ahead, and the falling Ethereum is also ahead.