Adrian
@rezamirahmadi
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177 Followers
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@bitcoin To be honest, yesterday's #BTC spiked to $88800 and then rebounded to $87600, which is a very poor low point, and that $84500 gap surprisingly wasn't reached.
Then #ETH broke below the support at 2041, and today it started to falter, I see it hasn't gone up yet, it's a very poor performance.
#BTC still hasn't broken the high of $88888 as of today, Thursday, but overall, the weekly chart is still in a state of a large bullish candle, with the fluctuation range getting smaller.
Let's see whether it breaks through or continues to oscillate at a low point. 0 reply
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In terms of spot trading, the trading volume of ETH on Binance has already exceeded that of BTC, which is very rare, as the market cap of ETH is still less than 20% of Bitcoin's. However, the trading volume has surpassed, indicating that many people are buying ETH.
ETH has been consolidating at the bottom for almost a month, and a full-scale rebound shouldn't be too far off. Any short-term pullbacks are good buying opportunities. I believe that when ETH really starts to rise, it will be very strong because most people are stuck at prices above 3000 and are unwilling to sell at a loss. Currently, those who are not selling are diamond hands, while weak hands have already been shaken out. Therefore, at least until ETH rebounds to 3000, there shouldn't be too much selling pressure. 0 reply
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