The Week Ahead for Bitcoin & Altcoins
The crypto market shows signs of resilience, but major resistances are being tested.
1⃣ Bitcoin Outlook
- Price sitting near the 0.618 Fib retracement and R1 pivot.
- Clear breakout above $94K-$95K needed to open $98K-$103K upside targets.
- Failure = possible retest of $90K or even $87K support.
- RSI is approaching overbought expect volatility.
2⃣ Altcoin market
#Altcoins arr battling at critical structure:
- Price flirting with the 200-day moving average ($1.06T).
- Heavy resistance zone ahead, breakout could trigger catch-up rallies across majors and low-caps.
- MACD and RSI both positive but nearing key decision points.
3⃣ Heatmap insights
$BTC liquidation heatmaps show major liquidity clusters building just above $94K and again around $96K-97K.
Expect violent wicks and potential liquidity grabs
4⃣ Futures Open Interest
- OI remains historically elevated.
- Funding rates relatively neutral.
This signals that leverage isn't overly aggressive yet positive for a potential healthy trend continuation if confirmed.
5⃣ Macro backdrop
- Fed remains in a “wait and see” mode with rate cuts expected later this year.
- $DXY showing weakness = positive for risk assets.
- #Gold near all-time highs = reflects strong risk-off hedging
- Crypto shows decoupling signs = early risk-on rotation brewing.#BTCvsMarkets