Current market trends indicate that we are in a short-term trading range characterized by oscillation, where parallel tops and bottoms are observed to consume liquidity within a limited range of volatility. Regarding the larger scale of bullish and bearish block trends, more time accumulation and confirmation of additional candlestick patterns are still needed. Considering the impact of a significant amount of capital liquidation recently, the market requires some time to rebuild liquidity and restore confidence. From a technical perspective, this slight fluctuation is likely a reflection of the market seeking a new equilibrium after significant volatility. Investors should remain cautious and closely monitor changes in support and resistance levels, while managing risks effectively. Cryptocurrencies worth keeping an eye on include: BNB, ETH, BTC, SOL, CLO, COAI, etc. Their trends may provide more clues about market direction.
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Current market trends indicate that we are in a short-term trading range characterized by oscillation, where parallel tops and bottoms are observed to consume liquidity within a limited range of volatility. Regarding the larger scale of bullish and bearish block trends, more time accumulation and confirmation of additional candlestick patterns are still needed. Considering the impact of a significant amount of capital liquidation recently, the market requires some time to rebuild liquidity and restore confidence.
From a technical perspective, this slight fluctuation is likely a reflection of the market seeking a new equilibrium after significant volatility. Investors should remain cautious and closely monitor changes in support and resistance levels, while managing risks effectively.
Cryptocurrencies worth keeping an eye on include: BNB, ETH, BTC, SOL, CLO, COAI, etc. Their trends may provide more clues about market direction.