ETH has more cushion because the last bounce was more significant.
This means while BTC is dropping to lower lows, ETH has yet to break the bottom of this dump yet.
Momentum still favors the odds to break this level until we see BTC make some kind of move that shows bulls buying the dip.
ETH Bulls need to be cautious as we are much close to the must hold daily support than BTC is.
This means we will likely break to a lower low before BTC does on the longer term time frames.
BTC has not shown us 1 sign of bullish action since our last $6,800 rejection and the momentum shift.
We cannot give bulls ANY benefit of the doubt against this trend unless they give us a reason to.
This means while BTC is dropping to lower lows, ETH has yet to break the bottom of this dump yet.
Momentum still favors the odds to break this level until we see BTC make some kind of move that shows bulls buying the dip.
ETH Bulls need to be cautious as we are much close to the must hold daily support than BTC is.
This means we will likely break to a lower low before BTC does on the longer term time frames.
BTC has not shown us 1 sign of bullish action since our last $6,800 rejection and the momentum shift.
We cannot give bulls ANY benefit of the doubt against this trend unless they give us a reason to.
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