Ethereum Liquid Staking Service Signals Short-Term Bullish Trend, Bitcoin Faces Sell Pressure

A crypto trader highlights a short-term bullish signal from an Ethereum liquid staking project and warns of potential downside risks for Bitcoin.

A well-known analyst, Ali Martinez, informs his followers about a positive indicator from Lido DAO’s (LDO) 3-day chart, as indicated by the Tom DeMark (TD) Sequential indicator. Meanwhile, Bitcoin shows signs of potential sell-offs, with two sell signals detected on its 12-hour chart, including a death cross and a red 9 candlestick pattern.

Martinez cautions that Bitcoin might experience downward movement below $63,300, possibly leading to declines towards $61,000 or even $59,000.

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