The crypto market is showing mixed signals today as investors weigh macroeconomic developments and on-chain data. Bitcoin dominance is steady, while altcoins are experiencing selective rallies. Market sentiment remains cautiously optimistic, with traders keeping a close eye on key support and resistance levels.
Ethereum (ETH) shows strong activity in DeFi protocols, hinting at potential short-term momentum. Meanwhile, liquidity patterns suggest that traders are preparing for volatility, making careful entry and exit strategies crucial.
๐ก Pro tip: While focusing on overall market trends, some traders are also exploring Polygon (MATIC) due to its consistent performance in scaling and adoption metrics, though the main focus should remain on broader market dynamics.
