Recently, the cryptocurrency market has experienced significant fluctuations, with the price trends of Bitcoin (BTC) and Ethereum (ETH) attracting widespread attention from investors. This article will conduct an in-depth analysis of the recent market movements and explore potential future trends.

Looking back at the market prediction on August 13, BTC and ETH indeed experienced a significant decline as expected. The next day, BTC briefly rose before quickly falling back, with the price dropping to around $114,000, while ETH also fell to around $4,300, in line with the previous predictions.

It is worth noting that since April 6, BTC has not experienced a single-day decline of more than 5%, which is in stark contrast to the pattern of significant declines occurring every 1-2 months in the past. According to historical patterns, it has now been over 4 months since such significant declines were observed, which suggests that there may be 2-4 instances of single-day declines reaching 5% or higher in the future.

Based on this analysis, we believe the market may not have bottomed yet, and investors should maintain a cautious attitude. While some may think now is a good time to buy the dip, based on the current market conditions and historical data, we advise investors to temporarily wait and see for clearer market signals.

In this uncertain market environment, investors need to closely monitor the price trends of BTC and ETH, while also paying attention to the changes in the overall encryption currency market and related news. The market direction in the coming weeks or even months will have a significant impact on the entire encryption currency ecosystem.

Overall, although the market may face more downward pressure in the short term, in the long run, cryptocurrency remains a promising investment field. Investors should develop suitable investment strategies based on their risk tolerance and investment goals, seeking opportunities in a volatile market.