🔥Alright, crypto fam, here’s the deal: if Bitcoin’s Head and Shoulders pattern is confirmed, the altcoin market might not just dip—it could nosedive.

Original Article

As someone who’s long on BTC, ETH, and SOL, I’m still bullish on the bigger picture, which remains secure. However, short- and medium-term traders need to tread carefully.

Why Altcoins Are at Risk 💡

When BTC tanks, altcoins tend to amplify the move:

  • A BTC drop to $76K could mean 20–50% dips for alts like ETH, SOL, ADA, and MATIC.

  • Liquidity dries up faster in alt markets, leading to panic selling and sharper crashes.

  • Bitcoin dominance spikes, leaving altcoins in the dust.

What to Look Out For 🔍

  1. Bitcoin’s $91K Neckline: If BTC breaks below, expect a cascade. Alt prices will likely follow in Bitcoin’s bearish footsteps.

  2. Altcoin Support Levels: Identify key levels for your favourite coins. Examples of how to down below. NOTE: ETH, SOL, and even new listings like USUAL got hit pretty hard. So watch out for deeper drops.

  3. Bitcoin Dominance Index: Rising dominance indicates money flowing out of alts into BTC or stablecoins.

What You Can Do Today 🛠️

  • Set Stop-Loss Orders: If you’re in profit on alts, protect those gains now.

  • Avoid Chasing the Dip: Buying too early in a downtrend is a recipe for regret. Wait for confirmation over the next few days. Check the examples below.

  • Hold for the Long Game: If you believe in BTC, ETH, and SOL long-term, these dips are buying opportunities.

  • Stay Vigilant: Monitor BTC’s price action. $91K is the danger zone; $102K and beyond brings relief.

Don’t Panic—Yet 😮‍💨

The Head and Shoulders pattern isn’t confirmed! Bitcoin could easily rally and invalidate this setup. Markets love to fake out traders, so don’t let fear dictate your decisions.

The Bottom Line

The crypto market is on edge. If BTC breaks $91K, prepare for altcoin carnage. But until that happens, keep calm, stay informed, and act wisely.

  • Meanwhile, note down resilient coins during this recent pullback. Here is a quick take on the key levels to get you started:

    • $XRP : Current Price > Support Level (2.0). Bull flag detected.

      • Waiting for price action to exceed resistance level (2.5). Target (3.5). Potential Gain (+40%).

      • If it dips, unlikely to go below 2.0 based on previous daily price movements. Resilient.

    • $HBAR : The chart mirrors that of XRPs exactly. Twin charts!

      • Waiting for confirmation (resistance level (about 0.35)). Potential Gain (50%).

      • It could dip but shows resilience. Maintained a 0.25 support level.

    • $XLM : A spicier choice.

      • Exceeds resistance level (0.54). Target (0.84). Potential Gain (55%).

      • Note: The price dipped below the support level (0.4) but recovered.

      • Resilience? At least, it never dropped to the starting point (0.24).

Rallied during the U.S. election? ✅

Proved their resilience through the market downturn? ✅

Poised for a massive boom during Trump’s upcoming inauguration? ✅

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#BinanceNewYear #CryptoMarketDip