IS NOW TOO LATE TO BUY?
I did some market research, so you dont have to!
Bitcoin moved from a high near 123K down to 116K as traders took profits following institutional inflows and positive sentiment around US crypto legislation. The pullback reflects uncertainty despite strong year-to-date gains.
Altcoins including $XRP and have followed BTC’s structure closely. Lower highs and lower lows across majors indicate continued weakness, with buyers stepping back during rallies.
On the 15m to 4h timeframes, trend remains bearish. BTC and majors are all below key moving averages. Failed bounce attempts are being sold into. Breakouts lack volume, which often leads to fake moves.
Retail positioning has been long-heavy. Funding rates have flipped from positive to neutral or slightly negative. Sentiment is still greedy (Fear & Greed Index ~70) but cooling. Inflows to exchanges and increased whale activity suggest profit-taking rather than accumulation.
XRP tested the $3.00 level after a 30 percent move in a week. Technicals have shown bullish signs like Fibonacci extensions and bullish options flow. Analysts have cited $3.40 to $4.50 as upside targets if BTC stabilizes. However, network data points to a short-term cooldown. Unless XRP closes above $2.90 to $3.00 with strength, further downside is likely in line with BTC.
Key Levels to Watch ‼️
Support: 116K then 114K
Reclaim target: 118K to flip structure
Support: 2.76
Reclaim target: 2.90 to regain momentum
Strategic Summary
Scalpers and short-term traders should short resistance zones with tight stops
Swing traders should wait for confirmation above 118K BTC before building long exposure
Spot buyers are better off waiting or dollar-cost averaging near lower support
The market is currently in a short-term distribution or pullback phase. BTC must reclaim $118K and hold to reverse sentiment. Until then, the trend favors the downside. However, mid-term structure remains BULLISH as institutional demand and regulatory clarity build in the background.
