The cryptocurrency market is experiencing a sideways and consolidation phase after a volatile week.
1. Bitcoin (BTC): Challenging the psychological barrier Over the past 24 hours, Bitcoin has mostly traded within a narrow range of $95,000 to $95,500. Trend: After reaching $98,000 mid-week, BTC has slightly corrected to the $95,000 region. This is considered a crucial "retest." If it holds this level, BTC has the potential to consolidate towards the historical milestone of $100,000. Selling pressure: Some profit-taking activity from long-time "whales" (e.g., a wallet from 2013 just moved 500 BTC) has been observed, creating slight selling pressure around the $95,500 region. 2. Ethereum (ETH) and Altcoins Ethereum: Maintaining a fairly good pace above $3,300. ETH's stability is creating favorable conditions for Layer 2 projects and ecosystem tokens (such as Sky Mavis' Ronin - up 13%) to break out more strongly. Cash Flow: There are signs of a slight shift in cash flow from BTC to Altcoins as the market is led by the stability of the leading cryptocurrency. 3. Macroeconomic Context & News US Policy: The market is reacting to new announcements from the Trump administration regarding tariffs and investigations related to senior Fed personnel. This creates caution but also fuels demand for digital assets as a safe haven. DXY Index: The USD is maintaining a slight recovery around 99.3 points, somewhat curbing the rapid rise of risky assets in the short term. Quick Assessment: The market is in a "resting" state for the weekend. Bitcoin's $95,000 mark is an extremely important psychological barrier; If the weekly candle closes above this level, next week will be a very positive start for the bulls. #SachtonyMartket #BTC #ETH
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The cryptocurrency market is experiencing a sideways and consolidation phase after a volatile week.
1. Bitcoin (BTC): Challenging the psychological barrier
Over the past 24 hours, Bitcoin has mostly traded within a narrow range of $95,000 to $95,500.
Trend: After reaching $98,000 mid-week, BTC has slightly corrected to the $95,000 region. This is considered a crucial "retest." If it holds this level, BTC has the potential to consolidate towards the historical milestone of $100,000.
Selling pressure: Some profit-taking activity from long-time "whales" (e.g., a wallet from 2013 just moved 500 BTC) has been observed, creating slight selling pressure around the $95,500 region.
2. Ethereum (ETH) and Altcoins
Ethereum: Maintaining a fairly good pace above $3,300. ETH's stability is creating favorable conditions for Layer 2 projects and ecosystem tokens (such as Sky Mavis' Ronin - up 13%) to break out more strongly.
Cash Flow: There are signs of a slight shift in cash flow from BTC to Altcoins as the market is led by the stability of the leading cryptocurrency.
3. Macroeconomic Context & News
US Policy: The market is reacting to new announcements from the Trump administration regarding tariffs and investigations related to senior Fed personnel. This creates caution but also fuels demand for digital assets as a safe haven.
DXY Index: The USD is maintaining a slight recovery around 99.3 points, somewhat curbing the rapid rise of risky assets in the short term.
Quick Assessment: The market is in a "resting" state for the weekend. Bitcoin's $95,000 mark is an extremely important psychological barrier; If the weekly candle closes above this level, next week will be a very positive start for the bulls.
#SachtonyMartket #BTC #ETH