Quick Summary
Altcoins take a heavy hit as leverage flushes out weak hands. February’s calendar injects a contrarian question after extreme fear.
Technical
Current price: Altcoin market cap down over ~$100B; BTC below $76,000; ETH down about 10%.
Short/medium/long MAs: Price trades below key Daily and Weekly MAs; bearish structure dominates.
RSI (Weekly/Daily): Depressed readings persist; selling momentum shows signs of exhaustion.
Immediate support: Recent cycle lows, a critical zone.
Resistances: Nearby Daily MA cluster; further up, Weekly MAs.
Chart timeframe: Weekly/Daily.
Market Structure & Volume
Sell-side volume expands on downswings, classic flush behavior. Capital shelters in BTC while alt liquidity thins; on-chain activity stays muted across risk assets.
Trading Plan
Only risks:
- Elevated volatility and follow-through dumps.
- February token unlock supply pressure.
- Macro uncertainty around CPI shifts.
- Thin liquidity in smaller caps.
- Prolonged extreme sentiment delaying recovery.
Overall View
Bias leans bearish with a contrarian watchlist. Alts grind through pain, waiting for a credible spark to flip the script.