For cryptocurrencies, the key factor for returning to an upward trend remains clarity in the macroeconomic situation. The 200-week moving average continues to hold, and there are no significant structural damages observed in the market.

This means that once macroeconomic uncertainty subsides, the recovery could happen faster than current market sentiment suggests.

In the short term, we are in a state of oscillation within a downtrend, and the $70,000 level remains an important near-term resistance.

P. S. Remember, 99% of cryptocurrencies are scams that want to take your hard-earned money!!!