$ETH

Is Bitcoin's sideways movement an illusion? The collapse of the altcoin group! LUCE, AIDOGE plummet! Late May may become a turning point for the market! It's still too early to bottom out!

The weekend is here, and the market atmosphere is quite relaxed now.

Bitcoin has been hovering around $84,500, and the fear index has dropped below 30. I sincerely hope it can calm down a bit in the next couple of days and not stir up any trouble! The price of Bitcoin has been oscillating in the range of $83,000 - $86,000 for several consecutive days, showing characteristics of high-level consolidation, and the market is in a phase of increasing divergence between bulls and bears. Technical formation: The daily chart has formed a continuous five-day sideways consolidation pattern, with candlesticks mostly showing small bodies and significant upper and lower shadows, indicating fierce competition between bulls and bears in this range. On the 4-hour chart, the MACD indicator is tending to flatten, the RSI indicator is oscillating in the neutral range (50-55), and trading volume is gradually shrinking, typical consolidation characteristics, indicating an impending change in trend.