"ETH is just BTC’s shadow, with the next rebound target around $1975: (1) Both Bitcoin and Ethereum’s daily charts show a divergence between volume and price. (2) Based on short-term data and trading volume, it’s unlikely for Bitcoin to rebound to the 0.5 Fibonacci retracement level of the larger cycle at $72,000. A rebound to $70,800 is possible but has a low probability, while a rebound to $67,500 is more likely. Ethereum’s rebound will simply follow Bitcoin’s, depending on how high Bitcoin rebounds. (3) There’s still a high probability for Ethereum to rebound to $1975, but a rebound to $2085, which is the 0.618 Fibonacci retracement level, is very unlikely. I still believe this rebound is a dead cat bounce, part of the fifth wave decline on the weekly chart, testing the bottom. It’s highly likely that Bitcoin will break below $58K to the $52K range again. If Bitcoin drops to $52K-$55K in the future, it’ll be a great opportunity to buy the dip in large quantities. Keep some funds ready just in case Bitcoin falls to around $48K, so you can add more aggressively." #Crypto #BTC #ETH #Fibonacci #BuyTheDip