BTC pulls ETH, HYPE, UNI, and SEI up
BTC broke through $118,800 and liquidated over $570 million in short positions, strongly pulling the market. The expectation now is for $120K, which is further fueling the rise of altcoins.
📈 BTC spot ETF had $1.17 billion in inflows, showing that institutions remain confident.
💡 The breakout of the "inverted head and shoulders" pattern on the daily chart projects a target of $150K.
🔥 Highlighted altcoins:
ETH broke $2,879 and may seek $3,400–$3,750
HYPE could rise to $50–$60 if it breaks $45.80 with strength
UNI surpassed $8.64 and has a clear path to $10–$13
SEI tests resistance at $0.34 with a target of $0.44
🧠 According to Axel Adler Jr, the MVRV indicator suggests distribution when BTC reaches $130,900.
🚨 As long as BTC stays above $110,530, the trend remains bullish.
