Trader Commentary: Trader Timeless Being said Bitcoin is testing a critical level that now serves as the last line of defense for bulls within the current range. Holding this zone is essential to avoid a broader bull-to-bear shift.
He noted that bulls need to reclaim the $89,000–$90,000 area, with failure increasing the risk of a deeper move toward the $80,000–$75,000 range.
Michael van de Poppe said Bitcoin is showing signs of strength after a brief liquidity sweep below recent lows, which flushed long positions and triggered a rebound. He added that if commodities begin to stall, the setup could support a move back above $90,000 in the coming week.
Van de Poppe also noted that Ethereum is starting the week with a bounce against Bitcoin while sitting on a key support level. Holding this area would likely set up another leg higher for ETH relative to BTC.
Trader Koala said Solana appears positioned for a breakout, noting that while adding on strength may be difficult, any pullback into key support-resistance zones could present a buying opportunity ahead of a potential move toward $50.
Crypto Tony said XRP reclaiming $1.89 would signal a strong long setup, opening the door to higher upside targets.
The meme coin sector declined 2.9% to a market capitalization of $43.2 billion, broadly tracking market weakness.
Ali Martinez added that Dogecoin is showing technical signs of a triangle breakout, which could set up a roughly 7% move if confirmed.
Join thousands of traders who make more informed decisions with our premium features.
Real-time quotes, advanced visualizations, backtesting, and much more.
