Currently, the trend seems to indicate that the market has reached a crossroads. Is it the beginning of an upward trend, or the start of a second dip? Bitcoin and Ethereum are both in a recovery phase, and the precarious trend is worrisome.
The Bitcoin trend appears to be oscillating right around the 97,000 mark, in a recovery phase. Over the past few days, Bitcoin has repeatedly broken through but has faced resistance, and it may still dip further before the market improves, so caution is advised.
The Ethereum trend seems similar; today it just managed to reclaim above 2,800, and its performance is slightly better than Bitcoin's. In the past couple of days, there have been signs of a bottom forming around 2,700, but Ethereum is affected by Bitcoin's movements.
Overall, altcoins have experienced some pullback after reaching new highs. The market is at a crossroads, which is an entry point for aggressive traders. Those with sufficient holdings can continue to wait.
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