$BTC $90800 is the area to watch for the break. Once price break and holds above it (Daily closing basis). We can talk about some higher prices.
As long as it's below that i think bears will remain in control. in my opinion it's better to give the market time until Monday as the volatility will continue til Friday because of White house crypto summit and NFP data and you never know what can happen. Like i said before charts doesn't help much when moves are fundamentally driven. Let the dust settle and then look for some good trade opportunities.
Capital preservation is the key when the market is uncertain.
$BTC Broke below the range it has been in for the last 3 months. Long story short as long as price doesn't reclaim this zone. I don't see a reason to be bullish on Bitcoin.
It does have support at $85k - $ 87k zone that can provide short term bounces. But personally i'll be more confident if it reclaims that broken range.
In my opinion Solana can be a better option to play the Bounce. It's already under extreme fear because of token unlock. The sharp move down is because there are so many bagholders or people holding longs and they are getting liquidated or panic selling.
There is still a Solid demand from memecoin traders Community is still huge and will eventually pick up
Personally i will put more into Sol than any other coin because i know this will eventually recover.
Bitcoin is still range bounded and if we just pay attention to the overall trend it's still bullish as long as the price is holding above $90k Besides that Altcoins have a different story. We witnessed 3 dives down on Altcoins. $ETH did a 50% move down and Some Altcoins even broke All time lows. Not sure what Altcoins future holds because there are so many new coins entering the market and people are leaving their old bags to chase new tokens.
I said it many times people should not trust this "Altcoins" term it will not happen and most of you should now have an idea.
As long as bitcoin is bullish (Holding 90k) i think some Alts will continue to recover from dips and we can expect some moves on Altcoins but in my opinion it's a " Get in and out market" Not something that we can trust for a few months.
This is what i'll be doing personally. Get in at some high timeframe zones and take the money out on small timeframes move.