#MarketSentimentToday

$BTC Market Predictions:

As the market rejects the $55,370 support, are we witnessing the bull trend we’ve been anticipating, or is it just a trap?

Let’s break it down:

Last Week: The market touched and crossed the $53,000 support. After a bull run towards $58,000, it was rejected, establishing a strong resistance.

Current Scenario: The market faced a solid downtrend to the $55,370 support and made a strong comeback.

So, I ask again:

“As the market rejects the $55,370 support, is this the bull trend we were expecting, or is it just a trap?”

The most practical answer is:

Bull Trend: If Bitcoin breaks the $58,000 resistance, we can confirm a bull trend and look for the next resistance.

Bear Trend: If Bitcoin crosses both $56,261 and $55,369, the market will likely drop further to the next support around $50K-$51K.

Additionally, as $ETH and $SOL mirror Bitcoin, similar trends can be expected for them.

Thanks for reading!

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