The 24-hour bitcoin market decreased 0.3% to $1.2 trillion. Bitcoin lost 0.7%, Ethereum 0.97%, while major cryptocurrencies ranged from -3.4% (Solana) to +4.8% (Polkadot).

Bitcoin failed to gain local upward momentum and continues to challenge the bottom of its last trading range. Risk assets sold off and the dollar rose, sending the first cryptocurrency below $30,000. Failure below allows a larger decline to $28.9K, where the 61.8% Fibonacci retracement and 50-day MA lie.

Ethereum fell to $1890, its four-month low. Short-term traders should watch the momentum at the 50-day average (now $1850), as a break below this level might drop another $100. #BTC #ETH #tradingstrategy