Bitcoin is consolidating above $108,900, supported by the trendline since early April.
Whales holding over 10,000 BTC have started to reduce their positions, indicating limited signs of profit-taking. Despite the overall market sentiment remaining optimistic, a drop below $104,000 could trigger further corrections for Bitcoin down to around $90,000. Nevertheless, the continued inflow of ETF funds will support Bitcoin's long-term upward trend by absorbing market supply.
The market is currently focused on Nvidia's earnings report and the Federal Reserve's meeting minutes. Nvidia's performance in the artificial intelligence sector has historically been closely related to the broader trend of risk assets, including cryptocurrencies. Strong earnings reports may boost market sentiment and reignite upward momentum.
While previous concerns were mainly related to proposed tariff policies, recent delays may limit the impact of hawkish remarks unless unexpected comments arise.
Solana's upward momentum is gradually strengthening, and SOL must convert the resistance level at $180 into support to target $220.
Price movements reflect a continuously increasing confidence, but confirmation requires sustained trading above breakout levels, as well as increased user activity and on-chain adoption.