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Bitcoin Pullback Nears $60,000, Ethereum Retests Uptrend Line; Proceed With CautionBitcoin pulled back to near $60,000 overnight, a drop of roughly 3%, which while expected, broke through the key support level of $61,000, raising market concerns. The volume on the breakout of $61,000 was significant, indicating a potential stronger pullback than anticipated

Middle East Tensions Douse Bitcoin's October Rally Hopes, Short-Term Pullback Tests Bullish Resilience

Bitcoin Retests Support, Ethereum Continues to Climb, Liquidations Across Exchanges Exceed $140 MillionYesterday, Bitcoin briefly surpassed $64,000 before falling back to around $63,000 to test support levels. Meanwhile, Ethereum exhibited strong performance, breaking through $2,500 yesterday morning and continuing its climb this morning, currently trading at $2,561

Bitcoin and Ethereum 4H Analysis: Resistance Test, Bulls Need CautionBitcoin is currently consolidating near resistance levels, facing significant pressure from the descending trendline and resistance above. From a daily perspective, Bitcoin's movement is forming a triangle convergence, which has entered a crucial stage

Bitcoin and Ethereum Retest Lows: Is it Time to Buy the Dip?The new week has begun, and on Friday, Bitcoin broke through 55,500, surging to 56,800, bringing us handsome profits. Ethereum also performed exceptionally well, climbing from 2,340 to 2,409, allowing us to successfully close our positions for profits

Bitcoin ETF Leads Capital Inflow, Crypto Market Shows Signs of Recovery: Latest Industry UpdatesThirteen out of the top 25 ETFs launched in the US this year are related to Bitcoin or Ethereum, with four spot Bitcoin ETFs taking the top four spots on the list of ETFs attracting the most capital inflow in the US this year. Nate Geraci, President of TheETFStore, said on social media, "Out of approximately 400 new ETFs listed in the US this year, the top four in terms of year-to-date capital inflow are all spot Bitcoin ETFs

Bitcoin unlikely to see large-scale rally in the short term: Analysts expect a dip test, with prices potentially reaching the $53,000-$54,000 rangeDespite the July Consumer Price Index (CPI) rising 2.9% year-on-year and inflation easing for the fourth consecutive month, the market widely expects the Federal Reserve to begin cutting interest rates next month, which briefly pushed Bitcoin to $61,500

The latest CPI data revealed yesterday revealed the fluctuation analysis of the cryptocurrency marketIn the current financial market, the importance of data cannot be overstated. Especially for the cryptocurrency market, investors often use data to capture market trends and understand macroeconomic conditions

Latest Consumer Price Index and "Sell-Out Message" in the Cryptocurrency MarketWith the latest Consumer Price Index (CPI) data released, the cryptocurrency market received a positive "sell signal". The price on the one-hour chart turned negative after the core CPI followed the expected trend, indicating that inflationary speed is continuing to cool

Latest Market Dynamics of Bitcoin and Ethereum ETFsOverall, the total inflow of Bitcoin spot ETFs remains stable, while the total outflow of the Ethereum spot ETFs shows a certain trend. At the same time, the net inflow and outflow of each ETF also reflect the fluctuations and changes in the market

The Secret to Investment Success: Time, Your Greatest AssetThe ups and downs of Bitcoin prices resemble a map, and behind the seemingly erratic fluctuations lie profound mathematical laws, like contour lines on a map, outlining the trajectory of price movements. This law stems from the power-law model, which helps us better understand Bitcoin's price behavior and identify the key to investment success

Bitcoin Nears Crucial Resistance, Test AwaitsBitcoin (BTC), the world's largest cryptocurrency by market capitalization, is at a critical juncture. Its price is currently approaching key resistance levels, with heightened market speculation as traders and investors closely monitor its future trajectory