📉 Crypto Market Pullback: What’s Driving the Dip & What’s Next?

The crypto market is seeing red today, with BTC struggling to hold $103K and ETH down ~6% amid a broader slump. Here’s the latest:

### 🔍 Why the Pullback?

1️⃣ Profit-Taking by Long-Term Holders: Bitcoin’s rally to $111.8K ATH triggered massive profit-taking, capping short-term gains .

2️⃣ Macro Jitters: U.S. jobs data and Fed rate-cut uncertainty are weighing on sentiment weak jobs numbers could spark a rebound .

3️⃣ Trump-Musk Feud Fallout: Political tensions are adding volatility, with Tesla stock crashing 14% and meme coins like DOGE down 7% .

### 📊 Market Snapshot

- BTC: Holds $103K but faces resistance at $114.8K support at $95K–$97K is critical .

- ETH: Drops to $2,455 Pectra upgrade hype clashes with sell pressure .

- Altcoins: XRP tests $2.16 in a "falling wedge" break above $2.65 could signal a rally .

- Meme Coins: KILL BIG BEAUTIFUL surges 168%, but DOGE and TRUMP Coin sink .

### 🚀 Bullish vs. Bearish Signals

✅ Upside: Institutional demand, ETF inflows, and a dovish Fed could push BTC to $115K+ by July .

⚠️ Risks: A head & shoulders pattern on BTC charts hints at a drop to $96K if support breaks .

### 🔮 What’s Next?

- Bitcoin: Watch $95K–$97K hold = bullish reversal; break = deeper correction .

- Ethereum: $2,424 is key support Pectra upgrade could reignite momentum .

- Altcoins: Speculative plays like KBBB are pumping, but high risk remains .

👇 Will the market bounce back or dip further? Like & share your take!

#Crypto #Bitcoin #Ethereum #Altcoins #Trading #MarketUpdate

(Sources: TradingView, CoinDesk, TheCryptoBasic)