Bitcoin's price remains trapped in a sideways channel, leading to a stagnant environment for the entire cryptocurrency market. The lack of a clear trend raises questions and makes it difficult for investors to identify signals for the next move. Bitcoin is oscillating between support at $92,500 and resistance at $107,000. The market's structure suggests a lack of momentum that could last for weeks, potentially impacting trading volumes and leading investors to turn to riskier assets. If Bitcoin breaks above the resistance level, it could trigger a bullish rally, but a drop below the support level could lead to a deeper correction. Ethereum is also experiencing weakness and struggling to move higher, with meme coins dominating investors' attention. Its short-term outlook remains pessimistic unless it can rise above $3,100. Solana is facing market difficulties and has broken below its crucial moving average, indicating a possible extended decline. The cryptocurrency ecosystem is raising concerns, and a surge in optimism and capital may be needed for the market to recover.



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