Chinese Crypto Market Shows Divergence: Bitcoin Sees Neutral Outlook

A divergence in market sentiment has emerged within the Chinese crypto community, as per insights from Greeks.live researcher Adam, shared on social media platforms. Many traders are cautiously optimistic about a potential second bottom for Bitcoin (BTC), with its price currently hovering around $80,000. Market fluctuations between $80,000 and $88,000 suggest the current rebound may be nearing its end. Meanwhile, the unusual widening of Ethereum (ETH) spreads has garnered attention, with the 1-hour MA30/MA60 serving as key technical indicators for traders to watch. Some are predicting a possible ETH price rebound to $3,000.