Will Bitcoin replicate the trend from last December to this February, forming a double top and then falling sharply? This question is currently difficult to determine. The market may oscillate within a range and pull back to 101000, or it might dip to 85000 and then reverse upward, and there is even the possibility of falling below 85000 to initiate a weekly level adjustment.
These all require time to verify. But based on the current situation, Bitcoin is still in a bullish trend. If there is a pullback to the 101000 area, I believe it is a suitable price level to build a position.
Regarding whether Ethereum can break out into an independent market trend, it has been consolidating in the range of 2333 to 2860 for nearly a month. Comparing the two, although Bitcoin is also consolidating in a range, it is at least in a high position, while Ethereum is in the middle position, with other crypto assets performing even more weakly. If Bitcoin does experience a significant fall, it will be difficult for Ethereum to remain unaffected, and the situation for other crypto assets will be even more challenging.
Personally, I would consider establishing a position around the 2400 area for Ethereum. If it falls below that, I will execute a stop-loss. Of course, it's also common for the market not to give an opportunity to build a position.
Currently, I hold a basic position in TON, AR, and TIA. Additionally, if AVAX falls to the price range of 18 or 16, I am also willing to consider building a position.
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Will Bitcoin replicate the trend from last December to this February, forming a double top and then falling sharply? This question is currently difficult to determine. The market may oscillate within a range and pull back to 101000, or it might dip to 85000 and then reverse upward, and there is even the possibility of falling below 85000 to initiate a weekly level adjustment.
These all require time to verify. But based on the current situation, Bitcoin is still in a bullish trend. If there is a pullback to the 101000 area, I believe it is a suitable price level to build a position.
Regarding whether Ethereum can break out into an independent market trend, it has been consolidating in the range of 2333 to 2860 for nearly a month. Comparing the two, although Bitcoin is also consolidating in a range, it is at least in a high position, while Ethereum is in the middle position, with other crypto assets performing even more weakly. If Bitcoin does experience a significant fall, it will be difficult for Ethereum to remain unaffected, and the situation for other crypto assets will be even more challenging.
Personally, I would consider establishing a position around the 2400 area for Ethereum. If it falls below that, I will execute a stop-loss. Of course, it's also common for the market not to give an opportunity to build a position.
Currently, I hold a basic position in TON, AR, and TIA. Additionally, if AVAX falls to the price range of 18 or 16, I am also willing to consider building a position.