$EIGEN /USDT is currently retesting the broken symmetrical t | CoinInsight on Binance Square

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$EIGEN /USDT is currently retesting the broken symmetrical triangle pattern on the daily timeframe. 🧐 I'm watching closely for a potential bounce. ✈️ 

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Bitcoin Weekly Time Frame Update: On the weekly time frame, Bitcoin has formed a resistance at $119,000 and is currently attempting to break through this area. It is facing rejection wicks, but it might reach new all-time highs soon.

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💰 Bitcoin is currently trading near the trendline resistance and below the lower high of $121K. There's a chance it might reach this level due to the nearby liquidation pool. However, a daily close above $121K is necessary to confirm a bullish trend.

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Bitcoin is currently trading just below the resistance trendline, having rebounded strongly from the wedge's support. The Ichimoku Cloud serves as a resistance barrier above the current price level. A decisive breakout

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$PYTH is bouncing back from the previously broken descending resistance🧐 The retest is holding up well—smart money is stepping in at this stage💥 If momentum continues to strengthen, the price is poised to soar much higher✈️

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# S&P 500 Analysis The S&P 500 is currently consolidating within an ascending broadening wedge pattern and has recently surpassed a critical horizontal resistance level, setting a new all-time high. This breakout highlights strong bullish sentiment in traditional financial markets. The Ichimoku Cloud further supports this outlook by showing robust bullish momentum, suggesting the potential for continued upward movement. Historically, the S&P 500 has shown a significant correlation with the cryptocurrency market, especially during periods of macroeconomic optimism. Therefore, its current strength might indicate rising investor confidence and an increased appetite for risk across various asset classes, including digital assets. This alignment suggests that bullish momentum in equities could have positive spillover effects on the broader crypto market.

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