Bitcoin Market Analysis

Recent News: Ethereum's upcoming Dencun upgrade fuels market enthusiasm, propelling ETH above $3000 and boosting other Ethereum-based tokens. Meanwhile, Bitcoin maintains a range-bound pattern, with analysts speculating it's part of the halving cycle's phases, potentially leading to a pre-halving correction followed by a post-halving uptrend.

Chart Trend

The current trend remains within expectations, oscillating within the range as anticipated. Yesterday, it dropped near the lower boundary of the range before swiftly rebounding. Market volatility appears to be short-term in nature. The key now is whether we can break above the range and follow a trend similar to the depicted chart. Overall, the market seems to be in a very strong phase, so patience is advised while holding positions.

Trading Tips

Don't check the market daily: Just invest steadily and retrieve your funds when they've grown. Crypto investment doesn't need constant monitoring.

Avoid chasing rallies: Remember past losses when tempted to chase rising prices. It often leads to disappointment.

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