The weekly chart has shifted from a long-term bullish trend into a corrective bearish phase after failing to hold its previous higher-low structure. The highlighted $57k–60k demand zone is the most important level on the chart because it represents the origin of the prior major breakout. A strong weekly defense here could mark the beginning of a new accumulation phase, while a confirmed weekly close below it would significantly increase the probability of a move toward the $50k and $43k regions.
Trading approach: Rather than anticipating a reversal, wait for confirmation. A bullish weekly reversal pattern, increased buying volume, and a break above the nearest lower high would provide much stronger evidence that buyers are regaining control. Until then, the broader weekly structure remains cautious to bearish. $BTC #bearish
Due to a security incident involving Polkadot, the DOT network token deposits have been temporarily suspended.
Details: Because a security issue was detected on the Polkadot network, Upbit has immediately suspended deposit services for Polkadot (DOT) and its AssetHub network.
The platform is working with the project team to ensure the safety of user assets. Once deposit stability is confirmed, they will announce when services resume.
During this suspension period: • Deposits, returns, and withdrawal address registrations related to DOT are also paused.