Technical Roundup provides a no-nonsense technical breakdown of Bitcoin’s crash and its implications for the broader market. Unlike past sell-offs, altcoins are holding up better than Bitcoin, which signals a shift in market dynamics.
Bitcoin’s Breakdown – What Comes Next?
Key Highlights:
- BTC lost key monthly support (~$94K) and will likely close below it, which is a bearish signal.
- Reclaiming $90K is the minimum requirement for a bullish reversal.
- Until that happens, Bitcoin remains in a range breakdown scenario, meaning further downside is still possible.
Altcoins Showing Unusual Strength
Key Highlights:
- Unlike past crashes, altcoins are not collapsing as hard as BTC.
- XRP, Litecoin, and even lower-quality altcoins are green, while BTC continues to struggle.
- This altcoin divergence suggests that large buyers are accumulating select assets ahead of a possible rotation.
Litecoin Looks Extremely Bullish
Key Highlights:
- Litecoin’s ETF speculation is fueling strong accumulation.
- The ascending triangle breakout pattern suggests $200 to $300 price targets.
- Similar to XRP’s 2024 rally, LTC could see an explosive move that catches many traders off guard.
Crypto Is Now Heavily Macro-Driven
Key Highlights:
- Trump’s tariffs and equity market uncertainty are becoming major concerns for risk assets.
- The S&P 500’s underperformance is dragging crypto down, despite Bitcoin’s supposed independence.
- The market’s obsession with Trump and regulations is creating volatility, making macro factors more important than ever.
Final Take
Bitcoin needs to reclaim $90K to regain strength. Until then, the market remains fragile. However, altcoins like Litecoin, XRP, and midcaps are showing surprising strength, hinting at a potential altcoin rotation once BTC stabilizes. If Bitcoin resumes its uptrend, expect major outperformance from select altcoins.
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