Bitcoin and Ethereum Weekend Analysis: High Volatility Continues, Market Sentiment Remains Cautious
This weekend, the cryptocurrency market continued its recent high volatility trends. Bitcoin (BTC) price, after successfully breaking through and stabilizing at the $70,000 integer level, is currently oscillating mainly between $69,000 and $70,500. Although bulls are attempting to launch an offensive, there is clearly pressure from previous high points and profit-taking sell orders from some large whales.
Ethereum (ETH) followed the market trend and after breaking above the $2,100 level, it fell into consolidation. Currently, its price fluctuates narrowly between $2,060 and $2,150, striving to seek a new breakout direction.