After the US stock market opened last night, BTC rushed to 74,000 and ETH surged to 2,200. Many people thought a breakout through resistance was coming, but then it reversed and crashed down. Those who chased the highs are probably trapped at the peak. This is typical whale dumping. The 74,000 and 2,200 levels are too strong—like an iron plate—can't break through so it has to pull back.
What's the current situation?
BTC is oscillating around 70,500, ETH is fluctuating near 2,090. Combined with the weekend market, BTC will likely bounce between 69,500-72,500 and ETH between 2,150-2,050 today.
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