BASIS.
2: DAILY.
Daily chart represenst the huge divergence of fast and slow moving averages, which prohibits any further long-term trend untill they won’t converge back. Untill that the price is most likely will shrink between them. It has already ‘saw’ the fast MA as a resistance level.
The only solid support here is 50-51k zone BTC (2500-2600 ETH, which has the same picture) — the same level as in the weekly chart. And the time horizon of that convergence will probably be the same — till october-2024.
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