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Market Overview: The cryptocurrency market is showing resilience, with Ethereum (ETH) surpassing $4,500 and Polkadot (DOT) gaining 10% over the past week, indicating bullish momentum amid potential US Federal Reserve rate cuts.
Harmonic Pattern Analysis: Polkadot has formed a Bearish Butterfly harmonic pattern, which, despite its bearish label, suggests a bullish continuation. If it maintains above the 200-day moving average, DOT could target price levels between $5.012 and $5.443.
