Market Update
Bitcoin tested the $94k level (Monday’s low) yesterday and managed to bounce back. The next key resistance is at $98k on the 4-hour chart, but if the current candle can reclaim this level, we could see a push towards $100k. Keep an eye on the trendline resistance as well—if Bitcoin flips this, we might see a strong move to the upside.
That said, altcoins are still a bit risky. With Bitcoin dominance on the rise and the market experiencing its first significant correction in weeks, altcoins could struggle. There’s growing liquidity between $96k and $95k for Bitcoin, and if this area gets swept, altcoins may face a stronger retracement.
So, while Bitcoin is showing bullish signs, the altcoin market remains vulnerable to further downside.
