The crypto market is currently witnessing significant volatility. As Bitcoin (BTC) tests critical resistance levels, investors are keeping a close eye on upcoming economic data and global market shifts.
1. Bitcoin Price Action ₿
Bitcoin is currently trading in a tight range where bulls and bears are locked in a fierce battle. If BTC fails to hold its current support zone, we might see a further correction. Conversely, a breakout with high volume could ignite a fresh uptrend toward new highs.
2. Altcoin Sentiment 🎭Ethereum (ETH) and other major altcoins are closely following Bitcoin’s lead. While specific sectors like AI and Gaming tokens are showing signs of a slight recovery, the broader market remains in a "Wait and Watch" phase.
3. Key Levels to Watch
Immediate Support: $67,500 – $68,000
Major Resistance: $71,000 – $72,500
Trading Tip: Avoid emotional trading in this choppy environment and always prioritize using a Stop-Loss.
Market Alpha Pro's Strategy:
At this stage, we recommend avoiding high-leverage trades. Instead, consider Dollar-Cost Averaging (DCA) for spot positions. It is wiser to stay patient until the market confirms a clear direction.
What’s your take? Do you think Bitcoin will break past $75k this week, or are we heading back down to test the $65k support?
Would you like me to add a specific technical chart analysis or focus on a particular coin like Solana or Ethereum for this post