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 โฟ
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 ๐ญEthereum (ETH) and other major altcoins are closely following Bitcoinโs 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 โ $68,000
Major Resistance: $71,000 โ $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.
Whatโs 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