Bitcoin may not be done falling, but several altcoins are already showing signs of strength. Current chart setups point to a short, sharp move lower within days, which could open the best entry points of the current range.
Bitcoin’s Two Scenarios
Bitcoin charts show two possible paths:
- Base case: A dip into the late $70,000s to $81,000 zone, followed by a strong bounce.
- Bullish case: Bitcoin pushes higher first, making a drop to the mid-$70,000s less likely while the low $80,000s remain in play.
In both cases, a run toward $100,000 becomes the next target once the shakeout ends. Liquidity is building near $86,000, which points to choppy trade over the next two to three days.
Altcoins With Buy Setups
- AVAX: Has broken out and retested its weekly level, putting $16 to $20 in view. A 20% pullback remains possible, so smaller entries make sense.
- NEAR: After a strong two-week run, the mid to late $3 range is the key support zone.
- ONDO: A return to the mid-40 to late-50 cent area would offer an attractive entry.
- Ethereum: The strongest of the majors, with ETH dominance rising and an important zone near $2,425.
- Zcash: Has lost its four-hour trend, and the $1,000 to $1,100 range is the level to watch.
Filecoin, Compound, HBAR, Chainlink and Curve are also on the watchlist, with Curve currently breaking out.
Where More Downside Is Likely
XRP has lost its trend and could drop another 15% to 20% and Immutable X is showing similar weakness.
90/10 Rule
In a typical market pullback, around 90% of altcoins fall while 10% keep climbing. Tokens already sitting at the bottom of their Bitcoin pairs after months of losses may have little room left to drop, which makes small positions in blue chips like Chainlink reasonable now. The US dollar index is approaching resistance, while stocks and gold are testing key levels.
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