Bitcoin’s recent failure to sustain its comeback has resulted in a decrease in sentiment and outflows from spot Bitcoin exchange-traded funds (ETFs) for four consecutive days, according to data from Farside Investors. However, CryptoQuant’s report suggests that the Bitcoin bull market is not yet over, as short-term holders currently only account for 48% of investment, whereas historically, bull markets end when short-term holders make up 84%-92% of investment. The correction before the Bitcoin Halving is seen as a positive sign for the long-term sustainability of the bull market, as it allows weak hands to exit and stronger hands to accumulate. The article then proceeds to analyze the price charts of the top 10 cryptocurrencies, including Bitcoin, Ether, BNB, Solana, XRP, Cardano, Dogecoin, Avalanche, Shiba Inu, and Toncoin. It provides key levels of support and resistance and gives insights into the potential direction of each cryptocurrency’s price. It is important to note that this article does not provide investment advice and readers should conduct their own research before making any investment decisions.
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