Bitcoin Consolidation Holds as Macro Risks Mount

Bitcoin remains in bullish consolidation after two consecutive daily closes above short-term resistance. However, a pullback of -1.50% would flip that level back to resistance.

Ethereum, on the other hand, is vulnerable if it breaks below short-term support. This level has been pierced four times in seven days and is currently being tested again.

Rising Bitcoin dominance adds relative pressure across the ALT market, with many assets experiencing losses. The Dollar Index (DXY) and geopolitical risks are also contributing to macro risk elevation.