Many people ask me if the appearance of a double bottom on the daily chart for BTC and ETH means that the decline has stopped and new highs are coming. I personally believe that new highs are definitely coming, but whether now is the time is another matter. I think not, because although the daily chart shows a bottoming signal, looking at BTC's行情 in April 2024 and April 2025, they all have a common point: after breaking the previous low, they immediately recover and then reach new highs. Therefore, I believe that to reach new highs, the price must break below the previous low. The above opinions are for reference only and do not constitute investment advice.
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Many people ask me if the appearance of a double bottom on the daily chart for BTC and ETH means that the decline has stopped and new highs are coming. I personally believe that new highs are definitely coming, but whether now is the time is another matter. I think not, because although the daily chart shows a bottoming signal, looking at BTC's行情 in April 2024 and April 2025, they all have a common point: after breaking the previous low, they immediately recover and then reach new highs. Therefore, I believe that to reach new highs, the price must break below the previous low. The above opinions are for reference only and do not constitute investment advice.