Currently, my asset allocation situation shows that Ethereum ( ETH ) has exhibited a significant downward trend for two consecutive trading days, and there is an Indicator Divergence phenomenon appearing on the daily chart, which usually indicates that the longer forces are weakening.
At the same time, the daily chart RSI indicator of Bitcoin ( BTC ) has fallen from above 70 back below the moving average, and a divergence signal has also appeared, indicating that the upward momentum may be nearing exhaustion.
From a macro perspective, the market is gradually forming a top structure that is moving downward, and bearish forces seem to be spreading and strengthening.
In the short term, these two mainstream cryptocurrencies may experience a technical rebound, but are likely to continue downward afterwards. It is worth noting that this process is expected to unfold gradually over the next few days, rather than being an immediate event.
Investors are advised to prepare corresponding risk management measures in advance and adjust market expectations.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Currently, my asset allocation situation shows that Ethereum ( ETH ) has exhibited a significant downward trend for two consecutive trading days, and there is an Indicator Divergence phenomenon appearing on the daily chart, which usually indicates that the longer forces are weakening.
At the same time, the daily chart RSI indicator of Bitcoin ( BTC ) has fallen from above 70 back below the moving average, and a divergence signal has also appeared, indicating that the upward momentum may be nearing exhaustion.
From a macro perspective, the market is gradually forming a top structure that is moving downward, and bearish forces seem to be spreading and strengthening.
In the short term, these two mainstream cryptocurrencies may experience a technical rebound, but are likely to continue downward afterwards. It is worth noting that this process is expected to unfold gradually over the next few days, rather than being an immediate event.
Investors are advised to prepare corresponding risk management measures in advance and adjust market expectations.