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Bitcoin and Ethereum: A Game of Breakouts and PullbacksBitcoin successfully broke through a small-scale head-and-shoulders pattern on the 4-hour chart and retested the downtrend line and resistance area above. While this surge last night was swift, there is a risk of a pullback, as the daily chart still shows supply at the resistance level

Bitcoin Price Plunges to $40,600: TD Sequence Signals Potential PullbackAn analyst has explained why Bitcoin could be headed for a decline to $40,600, based on a pattern appearing on the cryptocurrency's two-month chart. The pattern, known as the Tom Demark (TD) Sequence, is sending a sell signal, suggesting that Bitcoin has likely reached a peak

Bitcoin Pullback Remains Within Expectations, Ethereum Consolidates for BreakoutBitcoin is currently undergoing a minor pullback. The supply has not significantly increased from its surge to the previous high, indicating a normal adjustment after a failed attempt to break through resistance

Bitcoin Market Analysis: Short-Term Pullback, Long-Term Bullish?PrefaceBitcoin prices have seen significant volatility last week, peaking at a new high before quickly retreating, catching many investors off guard. Market sentiment is currently cautious, with many pondering the market's direction in the coming week

Bitcoin Pullback: Short-Term Holders Suffer Heavy Losses, Can the Bull Run Continue?Recently, Bitcoin prices have experienced a sharp pullback, triggering market panic and resulting in significant losses for short-term holders. According to on-chain data analytics firm Glassnode, Bitcoin prices plummeted over 16

Ethereum Short-Term Trend Analysis: Is a Pullback a Good Time to Buy?PrefaceHello everyone, I'm Lei Gong! Yesterday, I analyzed the short-term trend of Bitcoin, and the conclusion was that it would rise. However, the actual result was only a brief surge, followed by a drop below the first support level

Market trends do not emerge out of thin air. Every unilateral surge has its precursors, which, although sometimes subtle, can be identified with attentive observation and analysis

Today is Monday, let's take a look at the weekly trend of Bitcoin.The weekly trend of Bitcoin is currently rising due to the inertia formed during the early sprint stage

Bitcoin soared to around $35200, reaching a new 17 month high.Part of the reason for the increase is speculation about the exchange traded funds for Bitcoin spot prices in the United StatesThe rapid breakthrough of resistance levels of $30500, $31500, and $33000 has surprised many market observers

Bitcoin is the world's leading cryptocurrency and has recently achieved an important milestone in its price trend, as it successfully achieved a 61.8% Fibonacci pullback