Crypto Market in Pullback Mode: Smart Money or Scared Money?

The crypto market is experiencing a moderate correction phase after last week’s explosive highs, with Bitcoin leading the pullback.
🟠 $BTC Update
Current Price: ~$115,600
24h Change: –2.4%
Key Zone: $115K – if lost, next support lies near $111K, a previous resistance-turned-support from late Q2.
Technical Pattern: Bitcoin appears to be forming a bear flag, a common continuation pattern after a parabolic rise.
This comes after BTC touched a local high near $123K, where heavy profit-taking and overleveraged longs triggered a wave of liquidations.
🔻 Traders should keep an eye on the $120K–$121.5K resistance range. A break and close above this could flip the short-term sentiment bullish again. Until then, expect high volatility and fake-outs.

🟢 Altcoins Starting to Rotate
While Bitcoin cools off, altcoin activity is picking up:
$ETH is stable around $3,630, showing resilience despite BTC’s dip.
$XRP and $SOL have dropped between –3.5% to –4.5%, reflecting broader market correction.
$DOGE is down ~2.5%, and memecoins are showing mixed signals.
BTC Dominance has slipped slightly — from ~61% to below 59% — indicating capital rotation into mid-caps and low-caps.
Projects like $MDT, $IDEX, and $SLF are posting 25–120% gains in 24h, showing speculative interest is alive and well in leveraged pairs.

🔍 Market Sentiment
Funding rates are neutralizing across major exchanges
Open interest is declining, signaling de-risking
Volume is down slightly but remains healthy for a correction

📌 This isn’t a crash. It’s a reset.
Corrections after ATHs are normal and healthy — they shake out overleveraged traders and create fresh entries for smart money.

✅ Key Levels to Watch
BTC support: $115K → $111K
BTC resistance: $119K → $121.5K
ETH breakout zone: $3,750
Altcoins to monitor: $CFX, $MDT, $WIF, $JASMY (high momentum)

🧠 Pro Tip
“Don’t trade noise — trade structure. Wait for confirmation, not hope.”
#BTCvsETH #ETHBreaks3700