“Bitcoin Holds the Line - But Alts Keep Crying 🩸”

📉 Market Pulse: June 17, 2025
🔹 Bitcoin’s Retreat & Mixed Performance

After flirting with highs near $111K in May, Bitcoin has softened closer to $106,500, trading range bound as it retests resistance turned support.

Technical indicators show caution: around the $106K–$108K zone, Bitcoin is bumping into resistance, and weekly RSI hints at potential for deeper correction toward $100K.

🔹 Alts Bleeding Under Bitcoin Strength

Ethereum, Solana, and other altcoins have pulled back ETH down ~1–2%, SOL ~2–3% as Bitcoin dominates and risk sentiment remains fragile.

Altcoin Season Index readings are still low (~20–28), meaning most capital stays within Bitcoin, not rotating into alts.

Altcoin inflows to exchanges remain muted (<30K), indicating holders are not panicking yet but no buying frenzy in alts either.

🔹 Geopolitical & Macro Influences

Market sentiment is impacted by ongoing Israel‑Iran tensions, causing short-term risk off moves. However, hopes of easing tensions have helped markets partially recover .

Traders also await key macro data (like U.S. inflation and Fed commentary) which could sway crypto markets directionally.

🔍 What to Watch & Consider

Bitcoin: Reclaiming $108K–$110K with strong closure is bullish. But if it drops below $105K, a test of $100K becomes more likely .

Altcoins: Many are showing technical weakness and no volume backing. Until BTC dominance recedes (<55–60%), alts likely remain subdued.

Catalysts: Altcoin sentiment may shift around Pt 2 of the U.S. inflation data and any easing signals from Middle East developments.

💋 Bottom Line:

Bitcoin: Still in range, with support near $105K. Look for a bounce above $108K to signal strength.

Altcoins: Likely to keep bleeding until BTC dominance eases and fresh rotation hits them.

Strategy: Stay tuned to geopolitical headlines.

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