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Good afternoon, the Ether BTC market completed the rebound of last week's first wave of decline over the weekend. Last night it restarted its downward trend. Can it continue to sell with bearish market today?
BTC's recent mid-term rise started in April, and it is the last wave extended since the beginning of 2023. Currently, this wave of rise since April has shown signs of turning around for three reasons: it has now broken below the ascending channel, a high-level double divergence has formed on the daily chart, and the wave structure is complete, which meets the conditions for entering a wave pullback. Currently, in the second downward movement on the daily chart, it will continue to decline during the day, and in the short term, it can be arranged downward along the 2-hour moving average. By tonight, a rebound will occur, and the rebound will continue to decline after reaching the 6-hour moving average, with the turning point at this morning's high!