Current state of the cryptocurrency market and its outlook
The cryptocurrency market is currently experiencing a wave of volatility between declines and rebounds, with Bitcoin (BTC) showing relative stability near the $109,000 level, reflecting investors' caution and anticipation of the upcoming trend.
📉 Current Situation:
Most altcoins are trading in the red, such as:
AVAX and PROVE are experiencing a noticeable decline.
Meme coins like PEPE and BOB are witnessing a decline as liquidity decreases.
In contrast, some cryptocurrencies like WLFI have risen significantly by more than +22%, indicating selective liquidity entering some projects.
🔎 Short-term Outlook:
Short-term: The market may continue to experience some selling pressure due to the lack of strong catalysts, with the possibility of limited additional declines.
Medium-term: If Bitcoin maintains its current support near 108k – 110k, we may witness a gradual rebound that leads alternative currencies.
Long-term: The overall trend remains bullish, supported by increasing institutional adoption, but the market needs a consolidation period before a new rally.
✅ Summary:
The market is undergoing a natural correction phase following previous upward waves. Bitcoin's resilience above key support levels will remain a positive indicator, while any strong break may open the door for further declines in the short term.
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