Bitcoin at $58749.95 sweeps lows with bearish EMA50 at $60462.92 and MACD death cross as Michaël van de Poppe flags missing liquidity wick in BTC price action.

According to Michaël van de Poppe (@CryptoMichNL), Bitcoin is showing no signs of a clear breakthrough, indicating a continuation of its downward trend. A double-bottom retest or liquidity grab at lower levels is very likely, suggesting potential trading opportunities for those monitoring these key levels.

According to Mihir (@RhythmicAnalyst), traders often engage in buying or selling their entire holdings, but strategically buying or selling in small increments can be advantageous. In a downward trend, selling a small amount of coins can provide liquidity to purchase at lower levels, thereby optimizing entry points and reducing risk of missing out (FOMO) as not all assets are liquidated.

According to @CryptoMichNL, Ethereum (ETH) has exceeded a 1000-day downward trend since 2021. While another sweep of the lows is expected, the bullish divergence is unlikely to hold. However, the bottom is anticipated to be near.

According to @GreeksLive, the spot market has been experiencing a consistent downward trend for the last three months. Despite expectations of upward movement, the market has been 'down only,' indicating a bearish sentiment.