📊 Current Market Snapshot:
•
$BTC : ~$90K (holding critical support)
•
$ETH : Trading above key levels with increased volume
•
$XRP : Around $1.91 (CoinMarketCap) , watching $1.80-$1.90 support zone
• Total Market Cap: $3.03T (CoinMarketCap)
🔍 What's Happening?
Markets are consolidating after recent volatility. ETF outflows and central bank caution are keeping traders watchful (ts2) . Bitcoin is hovering near the psychologically important $90K level, and the next move could set the tone for the coming weeks.
Key Factors to Monitor:
✅ Bitcoin's ability to hold $88K-$90K support
✅ Institutional flow trends
✅ Macroeconomic developments
✅ Altcoin performance vs BTC
Analyst Perspective:
Cathie Wood suggests Bitcoin may be nearing the end of its down cycle (bitcoinmagazine) , with some experts calling this the shallowest four-year decline in BTC's history.
Trading Strategy:
🎯 Watch for volume confirmation before entries
🎯 Key resistance: $93K-$95K
🎯 Support to defend: $87K-$88K
⚠️ Risk management is crucial in this choppy market
Is this consolidation before the next leg up, or are we headed lower? Drop your price targets below! 👇
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