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The rebound ends here, and the decline continues!
Regardless of the weekly chart patterns of Bitcoin and ETH, the decline will not end here!
The US stock market is also starting to turn strongly downward. This is a global asset massacre; the entire world is short of money.
As a product with abundant liquidity, digital currencies are currently like a white fish that cannot live without water—very expensive, and they die instantly once out of water.
Bitcoin's $70,000 threshold will be tested this week, and ETH's $2000 level is also the same.
The $68,000 mark for BTC and the $1850 for ETH might be the points where they dip to. These levels could be short-term rebound and accumulation points, but they are unlikely to be the bottom of the bear market. Right now, there's no real momentum!