Bitcoin and several major altcoins are not out of the woods yet, especially since they face significant selling near their range highs. Do charts show BTC and altcoins forming a bottom? 🔗 Source 💡 DMK Insight Bitcoin’s current price of $69,964 is flirting with resistance, and here’s why that matters: The recent uptick in BTC and altcoins is meeting stiff selling pressure near their range highs, suggesting traders should be cautious. If Bitcoin can’t break above this level, we might see a pullback that tests support levels. Watch for key indicators like volume and RSI; if they start to weaken, it could signal a reversal. On the flip side, if BTC manages to close above $70,000, it could trigger a wave of buying, pushing altcoins like LTC, currently at $54.47, higher as well. This dynamic is critical for day traders looking to capitalize on short-term movements. Keep an eye on the daily charts for signs of momentum shifts, as a failure to hold above current resistance could lead to increased volatility and a potential cascade effect across the crypto market. 📮 Takeaway Watch for Bitcoin’s ability to break above $70,000; failure could trigger a pullback, impacting altcoins like LTC.

Long-term Bitcoin holders sold 245,000 BTC as the price fell under $60,000 last week, but a fresh set of US macroeconomic cues and an uptick in BTC dip-buyers may signal that the market has bottomed. 🔗 Source 💡 DMK Insight Long-term Bitcoin holders just sold 245,000 BTC, and here’s why that matters: When significant holders offload their assets, it often indicates a shift in market sentiment. The fact that this selling occurred as Bitcoin dipped below $60,000 suggests that these holders might be reacting to broader economic signals, possibly anticipating further declines or seeking to lock in profits. However, the emergence of dip-buyers could indicate that the market is finding a floor, especially if these buyers are supported by positive macroeconomic data from the US. Traders should keep an eye on key support levels around $58,000 to $59,000. If Bitcoin can hold above these levels, it may attract more buyers looking for a rebound. Conversely, a drop below these levels could trigger further selling pressure. Watch for upcoming economic reports that could sway sentiment—strong data might reinforce bullish momentum, while weak data could lead to more volatility. The next few days will be crucial in determining whether this dip-buying trend can sustain itself or if we’re in for more turbulence. 📮 Takeaway Monitor Bitcoin’s ability to hold above $58,000; a failure to do so could trigger further selling pressure.

ETH price moved above $2,150 as Bitcoin and US stock markets rallied, but does data show whether derivatives traders have turned bullish yet? 🔗 Source 💡 DMK Insight ETH’s recent move above $2,150 is more than just a number—it’s a potential signal of bullish sentiment. With Bitcoin and US stock markets gaining traction, ETH’s price action could indicate a broader risk-on environment. However, the real question is whether derivatives traders are aligning with this bullish momentum. If open interest in ETH futures starts to rise alongside price, it could confirm that traders are betting on further gains. On the flip side, if we see a spike in short positions, it might suggest skepticism about sustaining these levels. Keep an eye on the $2,150 resistance; a solid hold above could pave the way for a test of higher levels, while a drop back below might trigger profit-taking or stop-losses. Watch for derivatives data over the next few days—if bullish sentiment builds, it could lead to a more sustained rally. Conversely, if bearish signals emerge, be prepared for potential volatility. 📮 Takeaway Monitor ETH’s ability to hold above $2,150 and watch derivatives data for signs of bullish sentiment; this could signal further upside potential.