The current cryptocurrency market situation is quite similar to that of January last year. Bitcoin, after experiencing a rapid rise, has entered a consolidation phase. From the weekly chart, there is a K-line pattern of up and down fluctuations, while the MACD indicator is about to form a death cross, which may trigger some investors' bearish sentiment.



Regarding the performance of altcoins, we can analyze it through the chart of Bitcoin's market share. From the monthly level, Bitcoin's market share shows a downward trend. Over the past week or so, the market seems to have undergone a certain degree of recovery, but this may not significantly affect the monthly closing of Bitcoin's market share.

It is worth noting that the trends of tokens such as Bitcoin, PEPE, and FLOKI are all worthy of attention. This market pattern reflects the ebb and flow relationship between mainstream coins and altcoins, and investors need to closely monitor the changes in this dynamic balance.

Overall, the current market is at a critical turning point. Investors should remain vigilant and pay attention to changes in various technical indicators and market shares in order to better grasp the market direction. At the same time, it is also important to be aware of the potential opportunities and risks in the altcoin market.
BTC-1.49%
PEPE-1.55%
FLOKI-3.35%
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DegenWhisperervip
· 08-21 16:51
When a death cross occurs, just run. There's nothing more to say.
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DoomCanistervip
· 08-21 16:51
Life goes on, play people for suckers.
View OriginalReply0
ImpermanentTherapistvip
· 08-21 16:48
It's the familiar trap again, let's get to work.
View OriginalReply0
OfflineValidatorvip
· 08-21 16:46
The crypto world will eventually reveal the truth.
View OriginalReply0
SigmaValidatorvip
· 08-21 16:40
If BTC shows a death cross, run. No problem.
View OriginalReply0
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