Market Divergence Observed in Chinese Crypto Community

According to BlockBeats, Greeks.live researcher Adam shared insights on social media highlighting a significant divergence in market direction within the Chinese crypto community. Many traders anticipate a potential second bottom, with Bitcoin (BTC) being viewed as neutral around the $80,000 mark. The market is experiencing fluctuations between $80,000 and $88,000, and the current rebound is considered to be nearing its end. Additionally, the unusual widening of Ethereum (ETH) spreads has drawn attention, with the 1-hour MA30/MA60 identified as key technical indicators. Some traders predict a possible rebound to $3,000 for ETH.