#BTC #ETH Today is Friday, and I believe a significant drop is about to happen.
But before that, it will bounce a bit higher first.
Let's talk about $BTC ; there is no doubt that this is a downward continuation structure, rather than a so-called trend reversal, so we need to pay close attention to the final position of the rebound.
Currently, I believe the probability of the final position of the rebound being at 89300 is quite high, that is the blue line; but if the price action is weak, it might follow the red line, and if the rebound does not break the previous high, it will directly start to drop.
In any case, the final result will be a decline.
Now, regarding $ETH , this b thing is purely a clown; the more it rises, the more it sells, and the main force has already sold out (ˉ▽ˉ;). I can't guarantee the final bottom; we need to wait for the price and various indicators and parameters to resonate before confirming.
Currently, the small-scale upward structure hasn't been broken, and the probability of following the orange line is still quite high. Of course, $ETH is indeed too useless, really too useless. The final rebound price might surge higher or may not even break the previous high; I personally prefer to take positions in Bitcoin.
In summary, this is just a rebound, just as I emphasized on Monday, first up then down, and the higher it bounces, the harder it will fall.
Protect your positions well, and prepare for the arrival of the darkest moment.