The market isn't giving any rebound at all, it's quite difficult to manage. In the current market, shorting at highs is definitely not a problem, and it has already broken below the key level of 11.8k. The monthly and weekly closing isn't very ideal. Before the Federal Reserve announces the interest rate cut, it's still mainly about shorting.
This time, the price of BTC is very likely to drop to around 10.7k, while ETH might go down to around 4030. The current situation is a complete washout. Without the support of an ETF, retail purchases alone can't push it up. At least over 70% of retail investors feel that we've reached the top. The Federal Reserve is the last dance!
Can we make a beautiful comeback tonight as we close the monthly line? ETH's rebound looks a bit better, but what about BTC? It's a bit weak, yet still maintains above 10.8k... Let's see how it performs tonight!
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