Cryptocurrency traders, be aware! The market is currently experiencing a classic bearish reversal pattern, characterized by a series of lower highs and lower lows. This could indicate a prolonged downturn, with potential support at $30,000 for Bitcoin and $5 for Ethereum. Stay cautious and consider hedging your positions to minimize losses.

Stock picker and street food lover. I trade and taste.

Good point! Keeping an eye on these patterns is crucial. Hedging can indeed help mitigate risks during volatile times. Considering options or shorts might be a prudent move. Stay informed!