🌟【BTC vs. ETH & SOL】🌟
Brothers, recently the market has been buzzing about the trends of BTC, ETH, and SOL. In terms of patterns, I think BTC (Big Bun) is the one doing the best amid the fluctuations! BTC has not only broken out of the consolidation range but also surpassed the previous high within the last 9 days, and this is no joke! 🎉
📈BTC: The 'Breakthrough' of the Consolidation Range
• Surpassed the previous high within the last 9 days
BTC's movement is very clear; it has steadily broken out of the consolidation range and successfully surpassed the previous high within the last 9 days! This indicates that the bullish momentum for BTC has gained the upper hand, and market confidence in BTC is gradually increasing.
• Clear Trend
This breakthrough of BTC is not only a technical victory but also a reflection of market sentiment. It sends a clear signal to the market: the bulls are in control, and there may be an upward trend coming up.
💡ETH and SOL: Low-Level Consolidation and 'Rebound' Upward Movement
• ETH: Low-Level Consolidation
Although ETH has shown some performance in the past couple of days, overall, it is still in low-level consolidation. Although ETH has been consolidating at a low level for a long time, it has not clearly broken out of the consolidation range like BTC. This movement indicates that the bullish momentum for ETH is still accumulating but has not fully exploded.
• SOL: Rebound Upward Movement
SOL's situation is also interesting. SOL fell sharply a couple of days ago but has risen the most today. This 'rebound' upward movement, while appearing strong, is actually just a recovery from the previous decline. SOL has not truly broken out of the consolidation range; it has merely found an opportunity to rebound amid the fluctuations.
🎯Why is BTC considered the 'King'?
• Clarity of Trend
BTC's breakthrough is a clear trend signal, while the movements of ETH and SOL seem more about finding opportunities amid fluctuations. The bullish momentum for BTC has gained the upper hand, while the bullish momentum for ETH and SOL is still at a stalemate with the bears.
• Market Confidence
As the 'big boss' of the cryptocurrency market, BTC's movements often reflect the overall sentiment of the market. When BTC breaks out of the consolidation range, market confidence in the entire cryptocurrency market also increases. Although ETH and SOL have shown some performance, their movements are more influenced by BTC's overall trend.
⚠️Risk Warning
The investment market is unpredictable; the above views are personal analyses and do not constitute any investment advice.