Hi there!
After the massive liquidation for BTCUSD, we still see the relative strength for Etherium, which represents the "rotation mechanism": bull markets usually move by rotation between different assets. Now, the bullish rally may be expected for non-bitcoin crypto assets, so it makes sense to find entry points to the long side as shown on the chart.
After the massive liquidation for BTCUSD, we still see the relative strength for Etherium, which represents the "rotation mechanism": bull markets usually move by rotation between different assets. Now, the bullish rally may be expected for non-bitcoin crypto assets, so it makes sense to find entry points to the long side as shown on the chart.