Cryptocurrency Market Maintains Neutral Bias Amidst Mixed Price Action

The cryptocurrency market continues to trade in a state of neutrality, with some assets showing signs of recovery while others continue to decline. This indecisive environment has led to reduced volatility compared to previous weeks.

Bitcoin has maintained a neutral price action, with its weekly high barely surpassing the $70,000 level and $65,000 serving as a key psychological neutrality reference in the short term. The RSI shows a slightly upward slope but remains below the neutral 50 level, while the MACD has begun to register mild movements above the zero line.

On the other hand, Ethereum has been the weakest asset in the short term, posting a decline of -4.06% compared to the previous week's close. Cardano, however, has shown stronger performance, rising 6.75% and standing out as one of the few cryptocurrencies attempting to maintain a bullish bias.