Chinese Crypto Community Shows Diverging Trends: Bitcoin’s Neutral Outlook Amidst Market Volatility

A divergence in market direction has been observed within the Chinese crypto community, according to insights shared by BlockBeats researcher Adam on social media. Many traders believe a potential second bottom for Bitcoin (BTC) is occurring, with many anticipating a neutral stance around the $80,000 mark. The current market is experiencing fluctuations between $80,000 and $88,000, and the ongoing rebound is nearing its end. Additionally, unusual widening in Ethereum (ETH) spreads has sparked attention, with the 1-hour MA30/MA60 identified as key technical indicators. Some traders believe this could lead to a possible rebound for ETH to the $3,000 level.