Crypto markets are giving no return opportunities for intraday traders, but long-term market watchers say the market is in a coiled spot and key levels are to be monitored for moves on either side.

Bitcoin BTC hovered just above $105,000 on Wednesday, showing a steady rise from earlier in the week. Ether ETH, Cardano’s ADA ADA, dogecoin DOGE and XRP XRP showed returns under 1%. Overall market capitalization declined 1.8%.

Nick Ruck, director at LVRG Research, said the market’s shift in sentiment reflected a sense that trade tensions, and that the drag on risk assets may have been priced in.

“While the U.S. economy shows signs of contraction, investors are optimistic on tech, especially on the future outlook of Bitcoin as institutions continue to integrate further with the industry,” Ruc

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