8🈷️2nd Market Analysis
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BTC flag pattern adjustment, the price has reached near the daily 60 moving average
ETH has also reached near the 12-hour 60 moving average
From the current market perspective, there is still a possibility of a further decline before the daily close
Long positions: 1. If a sharp drop occurs at a smaller timeframe, breaking a new low, re-enter long once it regains the previous low point
2. Consolidation on the 15-minute chart, or wait for a breakthrough of the trendline and horizontal neckline, then enter on the pullback
Altcoins are in a 4-hour downtrend, currently in a contraction phase, and there is a depletion of downward momentum. Therefore, one should look for opportunities to buy spot and long positions
