Crypto market trends

📉 Bitcoin Short-Term Holder Supply: Has dropped to multi-year lows, possibly restricting a price breakout. 🚀 Market Dominance: Bitcoin's market dominance has risen to levels not seen since April 2021.

📉 Coins Aged Less Than One Week: Now account for just 4.7% of total network wealth. 🔍 Low Liquidity Zone: Recent drop indicates tightening supply. ⏳ Majority of Coins: Are older than one week.

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📉 DOT dropped to the support area. 🚀 Bounced Back: If you entered a long position at support, you’re in a good spot. 📈 Next Target: Watch for potential movement toward the triangle's resistance line. 🔍 Key Watchpoint: Monitor how the price behaves at the resistance level.

📊 #BTC/USDT Analysis: 🔺 Breakout: Bitcoin has broken out of its descending triangle pattern with strong volume. 📈 Support: Price is holding above the 100MA, acting as key support. 📈 Resistance: The 200MA remains a key resistance barrier. 📈 Confirmation: A successful retest of the breakout will confirm a bullish trend. 🔺 Key Focus: Watch for price action at these critical levels for further movement.

🔺 Bitcoin is attempting to break out of a descending triangle pattern. 📉 Currently facing resistance at both the 100MA and the triangle's descending trendline. ☁️ The Ichimoku Cloud is acting as support below the current price. 📈 A successful breakout would signal strong bullish momentum. 🔺 If the breakout fails, consolidation within the triangle could continue.

#ETH/USDT Analysis 🔻 Pattern: ETH consolidating within a descending triangle. 🔺 Current Position: Trading just above a key horizontal demand zone. ☁️ Resistance: Ichimoku Cloud acting as resistance above the triangle. 📈 Key Levels: Breakout above resistance or breakdown below demand zone will signal the next move.

🔻 Bitcoin is consolidating within a descending broadening wedge pattern. ☁️ Facing strong resistance at both the 50MA and Ichimoku Cloud. 🔻 This rejection suggests a potential downward move in the short term. 📈A break above the 50MA and Ichimoku Cloud could trigger a bullish reversal. 📈 A breakout from the wedge pattern may lead to a sustained upward trend.

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🔺 Bitcoin is consolidating within a symmetrical triangle, signaling market indecision. ☁️Price is trading above the Ichimoku Cloud, indicating strong support and a generally bullish outlook. 📈 However, the 100MA is acting as a key resistance, limiting upward movement. 🔺 If Bitcoin fails to break the resistance trendline, a rejection could lead to continued consolidation within the triangle pattern. 📉 A rejection may result in range-bound price action with support at the lower trendline. 📈 Conversely, a decisive breakout above the resistance trendline and 100MA could spark a bullish reversal, increasing buying pressure and potentially leading to an upward rally. 🚀 Traders should monitor closely for a breakout, as it could signal the start of a sustained bullish trend.