Bitcoin is currently navigating a pivotal resistance zone between $91,000 and $92,000, which could shape its short-term trajectory. If this barrier proves unbreakable, the next target might shift toward $97,000. Meanwhile, traders are heavily focused on Altcoins, as they hold the potential for substantial gains when market conditions align. However, the volatile nature of the market means swift exits could follow any downturn.
Should Bitcoin stabilize within its current range, we may see daily activity oscillate between $94,500 and $98,900. It's important not to mistake this phase for weaknessโwhat may seem like stagnation is often strategic consolidation. For those engaged in Long or Short trades, maintaining disciplined stop-loss strategies is essential to mitigate unexpected market movements. A sudden dip toward $100,000 could catch traders off guard and lead to significant losses.
Looking ahead, a brief period of sideways movement could provide the perfect backdrop for Altcoins to surge. Many Altcoin charts are already showing promising signs of tightening patterns, suggesting that an explosive breakout may be imminent. As the week progresses, stay vigilant and prepared for potential opportunities in the Altcoin space.