It has been a long time since we started trading the futures, always watching the 80000 level and below. What is meant to come will eventually come. A single-day drop of over 7000 points; going downhill is always easier than going uphill!
Currently, the market sentiment is quite pessimistic, with most people choosing to cut losses and exit. However, from the daily chart perspective, this round of decline is expected to gradually slow down and stop around the 78-79 position!
For Bitcoin, opportunities can be found to set up long positions in the range between 80000 and 78000! For Ethereum, consider entering in the range of 1700-1600!
