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Cryptocurrency Market Analysis: BTC Breaks Out of Triangle Consolidation, Major Altcoins Move Defense Positions UpBitcoin (BTC)In the article published on the 15th, we noted that Bitcoin was inside a triangle convergence zone. To continue its upward trend, it had to break through the upper resistance level of the triangle at $67,200

Bitcoin Rebounds Strongly After Consolidation: Institutional Investment and Elections Fuel Market Optimism?Yesterday (October 10th), Bitcoin's price retreated to the $60,000 level, entering a narrow range of consolidation. However, it continued to fluctuate downwards overnight, reaching a low of $58,900, its lowest point since September 17th

Bitcoin Hovers Above $64,000: Breakout Above August High Could Confirm Bullish Rebound, But Waning Spot Market Demand Hints at Short-Term ConsolidationBitcoin is currently hovering above $64,000, just a short distance from its August high of $65,200. Bitfinex analysts point out that a break above this level would signify the end of the long-term downtrend since the March high, confirming a broader uptrend from the October low below $30,000

The Long and Winding Road to the "New High Consolidation Zone": BTC Navigates the Tightrope Between Capital Flows and MacroeconomicsFrom mid-March to the end of August, spanning over five months, the price of BTC oscillated repeatedly within the "new high consolidation zone," generating volatile market sentiment. During this period, global markets experienced volatile inflation and downward trends, ambiguous and clear expectations for US interest rate cuts, uncertain speculation about whether the economy would achieve a soft or hard landing, and significant market fluctuations triggered by different investors adjusting their positions as trends shifted

Bitcoin 5-Day Moving Average Analysis: Consolidation, Bullish Trend RemainsSince the decline on August 5th, Bitcoin has surged by 30%, pushing prices back above $60,000. Despite recent market volatility, the long-term bullish trend for Bitcoin remains intact

Ethereum Poised to Break Out of Consolidation, Price Could Rise Back to $3,000In short, Ethereum's price could rise back to $3,000 if the asset successfully breaks out of its current consolidation range. The recent crisis led to realized losses that were close to annual highs, but these have now declined significantly

Bitcoin Price Analysis: Short-Term Consolidation, But Bearish Sentiment RemainsBitcoin prices have been volatile over the past week, exhibiting a clear bearish trend. Since hitting a high of $61,868 on August 11th, BTC/USD has tumbled to around $57,681 and has been consolidating around the $59,000 mark

PLUSTOKEN Wallet Mass Consolidation: Another Storm Brewing in Crypto?Yesterday, news circulated online that PLUSTOKEN's Ethereum wallet, dormant for over three years, had suddenly begun to amass a significant amount of tokens, totaling a staggering 800,000. This move ignited widespread concern across the market, with many fearing it might herald another "bombshell" and potentially trigger a new wave of "bloodbath" in the crypto world

Ethereum (ETH) Short-Term Trend Analysis: Opportunities and Risks Amidst ConsolidationPreface:Ethereum (ETH), the world's second-largest cryptocurrency, has garnered significant market attention for its price volatility in recent years. Lately, ETH prices have been consolidating within the $2500 to $2700 range, exhibiting notable fluctuations

Bitcoin Reverts to Consolidation, Fails to Hold $65,000 Level, Bull Run Imminent?Market Sentiment Fluctuates as Bitcoin Drops Below $65,000Bitcoin price experienced a significant drop on June 16th, breaking through the $66,000 support level and hitting an intraday low of $65,046 during midday. A brief buying surge pushed the price back to $67,286, but the momentum failed to sustain, resulting in a closing price of $66,580

Ethereum Current Trend Analysis: Consolidation at the Bottom, Bull Market Still On!The recent decline in the crypto market has left many investors anxious, but Ethereum has shown resilience and has not broken below its previous low. Its strong performance is still worth watching

Ethereum 1-Hour Chart Shows Upward Consolidation: Strategy and Risk AnalysisEthereum (ETH) has recently exhibited an upward consolidating trend, with prices oscillating between support and resistance levels, drawing market attention. This article will delve into the technical analysis of Ethereum's 1-hour chart, providing a short-term trading strategy to help investors better navigate market trends