Notification: Bitcoin and Ethereum weekly charts have completed their correction as shown in the chart. The weekly central pivot has been broken. On a larger trend level, the overall trend is still downward. The large-scale movement, based on the ratio of the previous and subsequent segments of the central pivot, suggests a move towards around 50,000. However, on a smaller scale, it’s unlikely to go straight to 50,000 without some fluctuations. Currently, on smaller timeframes (1-hour, 2-hour, 4-hour), both Bitcoin and Ethereum show divergence. In the first half of this week, there may be a rebound to retest the previously broken central pivot, followed by continued decline in the bearish trend. Normal breakout movements typically require a retest of resistance for secondary confirmation. At present, in the early trading session, gold is falling while US stock futures are rebounding. Bitcoin still correlates more with US stocks. In summary, the large-scale trend remains bearish, but there is potential for a short-term rebound on smaller scales. Sheng Zichen Village Committee Party Branch

BTC-5,73%
ETH-8,8%
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