Greeks.live: Bitcoin appears to be relatively strong, bearish on altcoins

Odaily News Greeks.live macro researcher Adam published an English community briefing, which stated: The group is bearish on altcoins, and many traders said their portfolios are down 50%. Ethereum/altcoins are struggling to break through the 21-day moving average. Bitcoin seems to be relatively strong, and some traders have noticed that it is gaining buying support, but traders are watching the $88,000 level, which is seen as a key resistance level. Bitcoin has shown strength relative to altcoins, and one trader pointed out that **it has decoupled beautifully from the S&P 500 index," indicating that cryptocurrencies are decoupling from traditional markets.