Short-Term Market Sentiments: Cautious Optimism on the Horizon

Market sentiment remains cautiously optimistic among traders, with most anticipating a potential climb to the crucial resistance level of $88,000. However, some participants anticipate a temporary market pullback before any sustained upward movement. They point to the recent technical pattern, where ‘one bullish candle covers four bearish ones’ observed in Ethereum (ETH) as evidence for this sentiment.