This week, the crypto market shows a pronounced duality. Short-term indicators are gradually weakening, chart structures are deteriorating, but the underlying trend remains resolutely bullish. It is this tension between technical correction and bullish momentum that characterizes the current period.
Momentum seems to be faltering in the short term. Key resistance levels are dangerously approaching. However, the favorable macroeconomic trend continues to support buyers. Investors are asking themselves: is this a healthy consolidation before a new growth phase, or are the first signals of a deeper correction?
Answers will come this week, notably through the test of major supports that will serve as a barometer of market participants' conviction.
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ChainProspector
· 16h ago
If the support level is broken this week, the previous rally will be in vain... Let's see if it can hold.
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SatoshiHeir
· 16h ago
It should be pointed out that this short-term momentum decay combined with a macro bullish narrative is something I saw back in 2017. On-chain data shows whales quietly accumulating; whether the support level can hold is the real test.
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Starting to talk about "healthy consolidation" again? Wake up, charts can be deceiving but capital flows won't. If it breaks down this week, let's just categorize it as such.
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Haha, wait and see how the support level performs; it's more effective than listening to all analysts' opinions. Satoshi Nakamoto doesn't need technical indicators; mathematical laws will speak for themselves.
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The market's "certainty" often appears at the most uncertain moments. Once support is broken, the so-called bullish momentum is just a joke.
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Gentlemen, listen to this: the true test of conviction is never during a rebound, but the moment support is broken. Whether the weekly chart can hold determines the rules of the game moving forward.
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ShamedApeSeller
· 16h ago
Whether the support level holds or breaks depends on this week. It feels a bit tug-of-war... Will it rebound or continue to decline?
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NFTregretter
· 16h ago
Breaking support levels means everything is over. We'll see how it goes this week... Consolidation is a load of nonsense, it's clearly just a trap to lure more buyers.
Major supports face to the decisive test.
This week, the crypto market shows a pronounced duality. Short-term indicators are gradually weakening, chart structures are deteriorating, but the underlying trend remains resolutely bullish. It is this tension between technical correction and bullish momentum that characterizes the current period.
Momentum seems to be faltering in the short term. Key resistance levels are dangerously approaching. However, the favorable macroeconomic trend continues to support buyers. Investors are asking themselves: is this a healthy consolidation before a new growth phase, or are the first signals of a deeper correction?
Answers will come this week, notably through the test of major supports that will serve as a barometer of market participants' conviction.