“We shall not cease from exploration, and the end of all our exploring will be to arrive where we started and know the place for the first time.” - T. S. Eliot
The Risk Singal is decreasing as BTC shows some strength but remains in the high-risk zone because the price has yet to break through the 30k resistance level. Altcoin Signal remains stagnant as BTC consolidates within a falling wedge.
The falling wedge pattern breakout could happen quickly if traders heed the call to buy BTC while bullish sentiment remains, retesting the lower support. Nonetheless, breaks exceeding $30k must be closely monitored to assess whether they are sustainable or will result in bull traps.
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