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2.6 Friday Bitcoin and Ethereum Afternoon Analysis
Based on the current market performance, the recent slight rebound is just a relief in sentiment after a sharp decline, not a sign of a trend reversal. The overall pattern shows a typical continuation formation during a downtrend, with a long bearish candle followed by a short bullish candle. The main selling pressure has not been fully released, and the market still faces downward pressure in the future.
Bitcoin around 65,300 looks at 62,000, breaking below to 60,000
Ethereum around 1,930 looks at 1,800, breaking below to 1,600