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Currently, most cryptocurrencies are hitting the same key point: breaking through the 20-day moving average.
Bitcoin repeatedly tests this line, Ethereum follows closely behind, and mainstream altcoins like SEI are all at the same level. From the candlestick chart, the price performance is indeed not very optimistic.
But what's interesting here is: from a fundamental perspective, most assets are actually accumulating growth momentum. Short-term technical pressure cannot erase the underlying development trend. Whether this mismatch is a correction or a buildup of strength, the upcoming trend will provide the answer.
The fundamentals are still okay, but the charts look uncomfortable. I'm waiting to see if it will break through.
As long as the fundamentals are fine, that's good. Anyway, technicals are just temporary, take it slow.
Whether this wave is just a correction or real accumulation, we'll know in a few days.
Honestly, it's just waiting, nothing much to say.
Bitcoin and Ethereum are stuck at the same level, it's a bit annoying, to be honest.
But looking at the fundamentals like this, it shouldn't be that bad.
It would be great if we could break through this time; if not, we'll just have to wait again.
The fundamentals are good, but with such a terrible candlestick pattern, I'm still a bit hesitant.
Is it a correction or a buildup of strength? I really can't figure it out...
After so long, I still can't break through, and I feel a bit uneasy.
Let's wait and see. Anyway, I can't run away.