Is the uptrend over? Are the bears about to take over? Absolutely not!
This pullback in Bitcoin and Ethereum after their recent surge is just a breather after gains, not a reversal downward, and definitely not a trend reversal. I'm still bullish going forward.
From a technical perspective:
- Bitcoin surged from 70256 to 75998, up over 8%, and now pulled back to 74300. The key moving averages haven't been broken, showing the bulls are still in control—it's just profit-taking and some cleanup.
- Ethereum rallied from 2060 to 2385, up 15%, and is now retracing to 2309. Support remains strong, and
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