$ETH

ETH is holding strong at a legendary support level that has been valid for the past 1536 days. This is a critical level, and the way ETH is maintaining this support suggests that altcoins may soon start recovering. Historically, bounces from these green zones have triggered rallies across the market.

Focus on altcoins with strong news through Q2, or you can simply follow me, I’ll be sharing a list of promising altcoins soon. Although market dynamics have shifted drastically over the past two months, we are still on track for a new all-time high and the much-anticipated altseason.

Don't give up; this is the time to position yourself. But as always, make sure to do your own research. This is not financial advice.
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#PEACE

$BTC

Trump didn’t mention crypto during his inauguration ceremony, and retail investors found the perfect reason to drive the price down to 100k.

There was a time when Elon had significant influence over crypto prices, and now it’s Trump. This isn’t exactly what Satoshi envisioned, in my opinion. It challenges the core principle of decentralization.

For now, we need to be patient. Altcoins will follow suit soon enough. You need to be patient to hold onto your bags and not give up.

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The cryptocurrency market’s downturn can be attributed to several key factors, including regulatory concerns, macroeconomic conditions, technological issues, and market sentiment.
1. Regulatory Concerns:
Governments worldwide are increasingly scrutinizing the cryptocurrency market, introducing stringent regulations to curb illegal activities such as money laundering and fraud. For instance, the U.S. Securities and Exchange Commission (SEC) has been actively pursuing regulatory actions against certain crypto projects and exchanges, creating an atmosphere of uncertainty. China’s crackdown on crypto mining and trading activities has also significantly impacted the market, as it was once a major hub for these operations.
2. Macroeconomic Conditions:
The broader macroeconomic environment plays a crucial role in the performance of cryptocurrencies. Rising interest rates and inflation fears have prompted investors to shift towards safer assets, reducing their risk appetite for volatile investments like cryptocurrencies. Additionally, economic instability and geopolitical tensions can lead to a flight to safety, further diminishing interest in digital assets.
3. Technological Issues:
The inherent technological vulnerabilities within certain blockchain projects can lead to market instability. High-profile security breaches, hacking incidents, and technical glitches undermine investor confidence. For example, issues such as the Solana network’s outages or Ethereum’s scalability challenges can cause temporary or prolonged declines in their respective token prices.
4. Market Sentiment:
Cryptocurrency markets are heavily influenced by investor sentiment, which can be volatile. News events, social media trends, and influential personalities can sway market movements significantly. Negative news, such as major hacks, regulatory crackdowns, or bearish statements from influential figures, can trigger panic selling, driving prices down.
Conclusion:
The downturn in the cryptocurrency market is a multifaceted phenomenon influenced by regulatory actions, macroeconomic factors, technological challenges, and market sentiment. While the market remains volatile, these factors contribute to both short-term fluctuations and long-term trends, shaping the future landscape of digital assets. #MarketDownturn #Cryptocurrencies #BearishAlert #BullishOnMe #peace $BTC $ETH $BNB

$BTC daily candle closed at $66452 which is bullish in the short term.
It is likely to hit the 68K level. Once that target is reached, the price could push for a new all-time high. However, there’s also a chance of a quick retest at the 61K level—potentially forming a long wick followed by a sharp bounce.

Keep this scenario in mind and remember, Bitcoin is still trading below resistance.

Trade carefully.

Cheers!

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