Bitcoin, Ethereum, Ripple, and Dogecoin consolidate sideways after weekend plunge

According to a report by Bijie Network: Due to strong US ISM PMI data alleviating market concerns about an economic recession, the price of bitcoin has been consolidating sideways. In the past 24 hours, more than 184,000 traders were forcibly liquidated, with losses reaching as high as $765.88 million. Analysts pointed out that bitcoin demonstrates resilience, citing its history of severe corrections and a complete four-year cycle structure, while also warning that holding the current support level is crucial to avoid retesting key moving averages.