Crypto Market Consolidates, Buyers Should Wait for Key Levels

The crypto market is currently in a consolidation phase, which means it's not ideal to chase longs or make impulsive trades. According to Bitget, this phase will likely continue until key levels present opportunities for buying and selling.

In the short term, external liquidity is limited due to the US stock market being closed, and the CPI data has yet to be released, which could shift market expectations.

The overall trend remains bullish, but it's essential to wait for support to hold before making any trades. If resistance is broken, look for higher levels.

Bitget recommends focusing on Bitcoin around $79,500~$79,000 and Ethereum around $2,478~$2,455, with potential breakout targets at $80,500~$81,000 for Bitcoin and $2,530~$2,570 for Ethereum. It's crucial to have patience in this market, as the most comfortable trades are those that wait for prices to reach planned levels.