It appears that Bitcoin is consolidating as expected and is laying the foundation for a rise.
Looking at the Bybit chart, it seems to be gaining more strength upwards, and the Binance chart also shows an upward momentum. It appears to be ready to break higher, but it’s uncertain when it will gain the necessary strength. Although trading volume is decreasing, if this period extends and the atmosphere supports it, now might be a good time to start buying altcoins.
Some altcoins are breaking through the moving averages on the weekly and daily charts, showing a pattern that could serve as a strong support line, a formation that occurs maybe once or twice in one to two years.
Buying altcoins is essential and a good choice. As long as Bitcoin’s major trend does not turn downward, the significant profits from Bitcoin’s rise might well be captured by altcoins. I’m going to write about this on my blog, could you translate it into English for me?
Here’s the translation:
“Bitcoin seems to be consolidating as anticipated, establishing a base for a potential upswing.
When observing the Bybit chart, there’s noticeable upward momentum, a trend also evident on the Binance chart. While it’s poised for an upward break, the timing of this momentum gain remains uncertain. Despite a decrease in trading volume, if this period prolongs and the sentiment remains supportive, it could be an opportune moment to start purchasing altcoins.
Several altcoins are surpassing their moving averages in the weekly and daily charts, displaying a pattern that could act as a robust support level, a phenomenon that might only occur once or twice in a year or two.