Bitcoin & Ethereum: Is This A Trend Reversal?

Added: 2026-05-06

[00:00:00]The forecast in Q1 highlighted a bounce, right? Finish that bounce, give us a decline, and the rally that was supposed to start in Q1. All of that happened.

[00:00:12]Then I made the Q2 update just a few weeks back and reinforced that we should go a little higher, which we did. Yeah, it was early in early in April, the forecast for higher prices, and this is still playing out. What I want to highlight is the pattern was very similar to after the November lows.

[00:00:27]Market bounced, sold off. We're bouncing right now. And the RSI, the relative strength index, very important momentum indicator, shows you guys something, and this is that we're still in the bearish range below 50. Since this selloff started, and from the moment on when we broke below 50 into the bearish range on the RSI, we have not been able to recover back above it. And we're now approaching the same level that we approached back in November. It's the 50 line. And this is something that you don't see purely by watching price. You need to use the RSI for that. And this is resistance.

[00:01:07]Yeah, this is this is resistance. And so it's a key spot. It's just another additional level to