Hi, fellow Steemians,
Just today, we have seen BTC to break the $6000 support to trade in $5900 range this morning. For #ETH, we have seen open support at $280 to be cut, and leg down to the lower $260 area.
It has been not a good day for BTC, as we have observed such a drop in price.
From the current outlook, I suspect that we will touch the $5200 area before moving up to the descending trendline above. It has been not a smooth ride for BTC recently, as bad news keeps coming out to drag the whole market.
If you check the market-cap, BTC has taken over 52% of the dominance, bringing such an issue to us. For this time, I suggest that you should not buy any altcoins, and should wait for the downtrend to show some correction first.
Good luck and be brave, my friends.
