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Yesterday I mentioned that I am not optimistic about the monthly chart of Bitcoin and Ethereum. The monthly price trend is still bearish.
The monthly line just closed this morning, and then it directly dipped.
Looking at the monthly chart of Bitcoin and Ethereum today.
Currently, Bitcoin is still above the MA20 price on the monthly chart.
Ethereum monthly line breaks MA20.
Based on past experience, Bitcoin will be stronger than Ethereum. If Bitcoin breaks MA20, then Ethereum has to break MA60.
Looking at the MACD on the monthly chart for Bitcoin and Ethereum, December is still a month of adjustment, and the downward trend has not yet ended.
Another point is that the end of the year is approaching, and market makers. Funds and the like need to settle.
Summary. Currently, the village chief remains bearish for December. The main position is short. It is expected that Bitcoin's MA20 will not hold.
Shenzhen Chencun Village Committee Party Branch