250409- Bitcoin and Ethereum Plunge Again
Yesterday, I mentioned twice the risk of Bitcoin and Ethereum experiencing two dips.
As expected, today Ethereum has dropped to a lower level. Bitcoin has also fallen near its previous low (74500).
I also pointed out yesterday that, from the candlestick pattern perspective, Ethereum is weaker compared to Bitcoin.
Today's movement has confirmed my view: Ethereum has broken below its previous low while Bitcoin has only dropped near its previous low.
Next, we need to closely monitor whether the market will continue to decline.
Going long can only capture short-term rebound trends. A significant reversal has not formed, so don’t rush to heavily invest in long positions to catch the bottom.
Later, I will share today's trading opportunities.
Follow me for daily analysis of Bitcoin and Ethereum's market trends.
