Price is oscillating and consolidating around the middle band of the Bollinger Bands. After earlier finding support at lower levels and stabilizing with a rebound, the price met resistance around the 75,500 area and pulled back. In the short term, bullish momentum has weakened somewhat. The MACD indicator has turned downward from a high point above the zero line. The red histogram continues to shrink, and a bearish divergence signal is gradually becoming visible. At the current position, it is not advisable to blindly chase longs. Pay special attention to how the price behaves around the key resistance levels above. In terms of strategy, focus on taking shorts as the main approach, with occasional long positions at lower levels as a supplement. For the “Big Cake,” short in the 75,300-76,000 area on rebounds, with targets at 74,000-73,000. Ethereum should move in sync with the “Big Cake,” keep your defense tight, and under no circumstances try to fight against the single direction.$BTC $ETH

Crypto asset analysis company CryptoQuant shared a noteworthy assessment regarding recent movements in Bitcoin's price. According to the analysis published by the company, Bitcoin has regained a level of critical importance in the market. According to CryptoQuant data, Bitcoin has been closing above the “adjusted realized price” level for the past three days, excluding the 7-year and longer inactive supply. This level is currently around $72,300. This metric represents the average cost of the supply actively circulating in the market and is considered a “break-even” point for a broad range of investors. The analysis adds that Bitcoin’s rise above this level is an important technical development, but for stronger trend confirmation, it should also be achieved with a weekly close above this level. Otherwise, it was noted that the possibility of rejection from this level is also on the table in the short term. According to CryptoQuant, the main bullish signal will be that the price moves above this average cost and maintains itself within the standard deviation band. In such a scenario, more investors could move into profit, and it is assessed that the tendency of market participants to hold could strengthen. When looking at past bear markets, it can be seen that this level is a critical turning point. During periods when Bitcoin falls below this average cost, long-term bearish trends often begin, and when it rises back above it, it usually signals the start of a new bullish cycle. During this process, it was also reminded that, #CryptoMarketRecovery except for the COVID-19 crash(, this level acted as support during pullbacks. INVESTMENT IS NOT A RECOMMENDATION

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