Despite good confidence that Ethereum will continue to outperform BTC in the near future.
Any soon to be upside will get canceled if BTC loses the bullish point of control here.
Ethereum will still outperform. But that means it'll just drop less than Bitcoin.
It doesn't mean it won't take a hit either. That's not what outperforming vs Bitcoin means.
I still think Bitcoin will bounce in this $90-93k area though. At the very least a slight bounce even if the market would look weak.
Just don't want to see continued weakness inside of it.
It means this relief will (temporary) come to an end and we'll need to go lower again first to get higher after.
No point in fighting the market if we do.
BUT, we aren't there yet. First things first.
BTC
88,722.3
+1.78%
ETH
2,940.58
+3.35%