đ¨Market Update â Correction Phase After a Strong Rallyđ¨
After a remarkable uptrend, the cryptocurrency market has entered a correction and retest phase. #Bitcoin has pulled back to around $121,500 after reaching a high of $126,000, while #Ethereum has eased to about $4,500. Other major altcoins like #solana , $XRP, and $SUI have also cooled off, posting average declines of 5â8%.
This is a natural and healthy correction following a strong bullish run, mainly driven by short-term profit-taking. The market is seeking a new equilibrium, with $BTC around $121K and $ETH near $4.4K serving as key support levels. Holding these zones could pave the way for a rebound soon.
Overall, this appears to be more of a âpause for momentumâ than a trend reversal. Investors are advised to stay patient, observe closely, and prepare for reaccumulation opportunities in the next bullish phase.