#BTC #ETH
If BTC fails to reclaim the daily support zone of 92,000–91,000 after the rebound, it can be confirmed that the rebound has failed, and a deep correction is likely to follow.
ETH still requires further observation. As of now, ETH has not broken below the weekly trendline, so it is premature to determine whether a deeper correction will continue.
Recommendation:
The market is currently highly divided. BTC, the core asset of the crypto market, has already broken below its daily support line. Regardless of whether a deeper correction follows, continuing to hold BTC spot positions at this point is no longer a wise decision. For those looking to short, there is no need to rush into a position. It is better to wait until ETH also confirms a breakdown of its cyclical trendline before entering a short position.
The above recommendations are for reference only. Trading involves risks—please proceed with caution.