Bitcoin and the overall crypto market capitalization are approaching significant resistance levels, creating a period of market hesitation. The TOTALES index, which measures capitalization excluding stablecoins, is trading between clearly identified support and resistance on the weekly timeframe. Several altcoins are showing signs of improvement against BTC, with the ALT/BTC index returning to test its previous breakout as support. Ethereum remains above its USD support but has issued its first notable weakness signal against Bitcoin, as the ALT/BTC must confirm the validity of the rebound to trigger a broader recovery.
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