The bears lost their opportunity by failing to sustain #bitcoin (BTC) below $25,000 this week. That may have attracted buying from bulls, who are trying to initiate a recovery on Bitcoin and select altcoins.

Additionally, #BlackRock 's launch of a Bitcoin fund #ETF and sustained strength in the U.S. stock market may have helped improve sentiment in the cryptocurrency market. According to CoinGlass data, Bitcoin ended the week with a 2% gain, and institutional buying in the Grayscale Bitcoin Trust reduced its discount to spot Bitcoin from 44% on June 13 to 36, 6%.

Although Bitcoin and select #Altcoin are attempting to initiate a recovery, the overall trend remains bearish. Therefore, short-term traders buying for a pullback should consider booking profits or tightening stop-losses as price struggles to break through strong resistance levels.

This strategy may be different for long-term investors, who may use a drop to strong support levels to buy the cryptocurrency of their choice. Let's look at the top 5 cryptocurrencies that are trying to start a recovery in the short term.

https://tapchibitcoin.io/phe-bo-bitcoin-tim-cach-thiet-lap-lai-quyen-kiem-soat-bnb-ltc-okb-va-qnt-co-lam-theo.html