Cryptocurrency Market Strategy Analysis: Bitcoin and Ethereum in the Correction Phase
Leading Growth & Market Pressure
According to reports from leading researchers, although Bitcoin's dominance position has reached a new high in the cycle, key indicators reveal warning signals about an extended correction. The cryptocurrency market is experiencing strong volatility, as investor sentiment shows signs of shifting from positive to negative.
Does Ethereum Face the Risk of a Bottom Break?
Ethereum, which surged in value due to ETF expectations, is currently facing pressure from excessively leveraged open positions. When investors use too much leverage, these positions can easily cause short-term declines. In particular, Ethereum's price is expected to test the important support level of $2,420, a threshold that needs to be closely monitored in the coming days.
Market Liquidity & Stablecoin Trends
Market liquidity – also known as the invisible force driving recoveries – is gradually depleting. At the same time, the inflow of capital into stablecoins, seen as a deflationary factor, also shows a clear retreat as summer approaches. Large investors are starting to withdraw, and key technical positions are under testing pressure.
Trading Trends & Key Signals
Both Bitcoin and Ethereum have experienced a price drop as predicted, shifting from a bullish market to a bearish one. Key technical indicators suggest that both cryptocurrencies are likely to continue their decline, especially Bitcoin, with signals preparing to shift to a negative state, which could negatively impact the entire cryptocurrency market.
Summary & Future Market Predictions
This event marks a pivotal moment in the growth cycle of the cryptocurrency market. Investors need to closely monitor key support levels and technical indicators to make informed decisions. The downward trend may continue in the coming weeks, but it also opens up opportunities for buying strategies as prices drop.
Source: https://tintucbitcoin.com/bitcoin-vuot-troi-hai-chi-so-canh-bao/
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