The massive selling pressure above 99,500 points for Bitcoin and above 3,050 for Ethereum has formed a relatively bottom support level at around 95,800 points for Bitcoin after nearly ten days of fluctuations, and at around 2,600 points for Ethereum. The market has just started to show some signs of improvement and recover a bit of profit, and now it's starting to plummet?
I am clearly bearish on the overall trend, but the recent market still awaits a rebound first. Most altcoins are bottoming out, and if there is no rebound in a few days and new lows are created, no one will be interested anymore!
[Picking Nose]
Currently, what is most worth paying attention to is still Bitcoin, the rebound space is limited, the downside space is very large, and the selling pressure is indeed massive!
