Currently, both Ethereum and Bitcoin are in a bearish trend. Ethereum is exhibiting a consolidation pattern; although it dipped downward briefly, the rebound is strong and effectively pushes back into the consolidation zone, which can be seen as a false breakout. As for Bitcoin, after a round of decline, it continued to decline in the evening over the weekend, forming a downward channel. Based on volume distribution and structure, if it can effectively break through the 88,600 level, there will be a significant upward move.
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Currently, both Ethereum and Bitcoin are in a bearish trend. Ethereum is exhibiting a consolidation pattern; although it dipped downward briefly, the rebound is strong and effectively pushes back into the consolidation zone, which can be seen as a false breakout. As for Bitcoin, after a round of decline, it continued to decline in the evening over the weekend, forming a downward channel. Based on volume distribution and structure, if it can effectively break through the 88,600 level, there will be a significant upward move.