The cryptocurrency market is exhibiting a range-to-bearish trend, with major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) facing resistance on daily charts. Bitcoin remains under pressure, unable to break above $104,800, with a potential drop to $93,000 if it closes below $98,860. Ethereum is similarly weak, struggling below $3,518, and could see accelerated losses if it falls under $3,122.
Solana and Binance Coin are also trending bearish, with Solana needing to hold above $166.5 to avoid further declines, while BNB risks further downside if it drops below $889. In contrast, gold (PAXG) and the S&P 500 (SPX) are showing strength, with gold maintaining a bullish trend above $3,987 and the SPX continuing its uptrend above 6,747. The overall market sentiment remains cautious, with liquidity indicators suggesting a bearish tilt as USDT dominance remains elevated and TOTAL2 fails to reclaim key levels.
Crypto Market Trends Bearish as Key Levels Remain Unclaimed
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