🚀 Crypto Market Update – Sentiment and Technical Analysis

🌍The global crypto market cap is at $3.24T, showing a 1.58% increase over the last 24 hours. Bitcoin dominance is on the rise at 60.23%, suggesting that investors are favoring BTC as a safe haven amid market volatility.

😎 Fear and Greed Index is at 40 (Neutral) – The market is in cautious optimism, reflecting uncertainty about the next big move.

📊 Bitcoin Technical Analysis

Bitcoin is trading at $98,496, up 2%. However, it faces resistance near $99,193 at the Ichimoku Cloud's upper line. If bulls break through, we could see a rally toward $102,000. But failure to hold support at $96,843 could trigger a drop toward $87,646 according to Fibonacci extensions.

📉 Momentum indicators show mixed signals:

$RSI (47.36) is neutral but leaning slightly bearish.

MACD (-417.95) remains in negative territory, suggesting selling pressure.

STC (0.85) is weak, showing a lack of buying momentum.

🔥 Crypto News Update

Bitcoin ETF Outflows: Net flow of - $45.1M indicates institutional caution.

Altcoin Performance: Solana leads with a 4.40% gain, while XRP struggles at $2.6884, down 1.91%.

DeFi Volume Surge: Total volume in DeFi is $7.75B, making up 8.43% of the 24-hour market volume, indicating growing interest in decentralized finance.

With Bitcoin's dominance increasing, is a rotation from altcoins to BTC on the horizon, or are altcoins ready for a breakout?

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