TechFlow news, on March 13, Adam, macro researcher at Greeks.live, released an English community bulletin stating that despite positive U.S. CPI data, market sentiment toward the short-term outlook remains generally bearish. Traders are watching a key support level around $1,900 for Ethereum and discussing potential bottom levels for Bitcoin, with some suggesting the $60,000 level could be a downside target.
The market quickly gave up gains from the strong CPI data, with traders widely believing weak hands need to be shaken out before an upward trend resumes. Ethereum was described as "garbage under pressure," and although overall sentiment is negative, it still holds potential for a rebound. Some traders plan to temporarily exit the market, opting instead to "wait five years and accumulate gradually" rather than actively trade in the current environment.
