The market finally woke up: I note the first green weekly candle in a while and a bounce from the macro 0.31 level I’ve been talking about for weeks. I go over how altcoins are starting to move again, and I also check for confirmation from the total crypto market cap. The main point of the episode is that we’re sitting on an important support, and what happens next depends on how the monthly candle closes.
On BTC, I show that the key zone is holding and I emphasize that the monthly close matters most: if the month closes above resistance 65.8K, I think the odds favor a green month next. I highlight the main markers: resistance 71.9K, a more conservative target 75.5K, and a more bullish resistance/target around 80.6K. The scenarios are straightforward: up — reclaim 71.9K and push toward 75.5K and possibly 80.6K – down — a weak monthly close and rejection from resistance, with a risk of rolling over toward a new low.
For ETH, this material didn’t include specifics: I didn’t give dedicated levels, scenarios, or setups for Ethereum, since the focus stayed on Bitcoin and broader market indicators. I only mentioned that alts in general are “taking off,” without an ETH breakdown.
To wrap up, I tie the move to context: I watch open interest and don’t see major spike-style red flags yet, and the Fear & Greed Index remains in extreme fear (11), which I treat as fuel for a relief rally. I add two cross-market signals: BTC vs the S&P looks like it may have found support, and global liquidity is rising while BTC has lagged, which I view as a potentially bullish divergence. My key line is the monthly close and the reaction at 71.9K/75.5K: that’s what decides whether this stays a bounce or starts shifting the trend.
Trading cryptocurrency involves substantial risk. This analysis is for educational purposes only and is not financial advice. Past performance does not guarantee future results.
