In the current cryptocurrency market, Bitcoin ($BTC ) seems to be showing a sideways consolidation pattern, which is often seen as an alternative to falling prices. As the market is about to face a potential turning point, Bitcoin's strong consolidation reminds many people of the characteristics of the early bull market, in which Bitcoin's price rise often leads other smaller-cap cryptocurrencies.

As discussed earlier, Bitcoin showed signs of rebounding near the support level of $68,000 to $67,500 and is expected to rise further to the target price of $70,000. This trend shows that the bulls have controlled the market's rhythm and dominance. Therefore, any price pullback is seen as a good opportunity to enter the market.

In addition, Ethereum ($ETH ) has also shown a similar strong consolidation pattern, and its price has continued to move sideways on the 4-hour chart, showing a trend of moving sideways instead of falling. Ethereum's pullback near $2,630 did not fall below the support level, which provides a good entry point for investors who pay attention to market dynamics. From a weekly level, Ethereum is waiting for a breakout, and investors should remain patient and hold their positions.

Overall, the current trends of Bitcoin and Ethereum show the market's confidence in these two major cryptocurrencies. Although there may be fluctuations in the short term, the long-term trend still points to the upside. Investors should pay close attention to market dynamics, seize buying opportunities during pullbacks, and prepare for the upcoming potential breakthrough. In this process, it is crucial to stay calm and rational, and avoid making impulsive decisions due to short-term market fluctuations.