Is the crypto market entering a 'squat mode'? The big players are quietly gathering strength; whether it breaks through or remains flat depends on these few days!
Right now, the entire crypto market feels like it's walking on a tightrope.
The fear and greed index is stuck at 48, with very neutral sentiment; no one dares to rush in, but no one wants to sell either. The total market cap has slightly dropped to 3.26 trillion USD, and the trading volume has been cut by 9%, with the entire network showing a 'wait-and-see' face.
Let's take a look at the blue-chip trio:
Bitcoin (BTC)
Is moving sideways around 105,000 USD, forming a symmetrical triangle on the chart—either it will break upwards and soar, or break downwards and fall; currently, no one can say for sure.
Key points:
103,600 is the current bottom line.
If it can't rise above 105,500, don't expect it to touch 108,000.
The volume is too low; it needs big capital to come in to have a chance.
Ethereum (ETH)
Is lingering around 2,524 USD, with daily trading volume dropping 17%; retail enthusiasm has cooled to freezing point, BUT—whales are secretly picking up coins.
If it holds above 2,500, there's hope to push towards 2,600; if it drops below 2,460, be careful of sliding down to 2,400.
XRP
Has quietly withstood the pressure, stabilizing at 2.16; this wave has held strong, mainly boosted by the 'Canada XRP ETF' giving it a shot in the arm.
As long as it can get past 2.18, it looks to reach 2.30. If it can't hold 2.12, then be ready for a drop back to 2.00.