It has been a tough week for holders so far, as the market dipped sharply after three weeks of pure optimism. Dips are a normal part of the journey, so keep a sharp mind and cold nerves. Don’t let short-term volatility shake your conviction. This is where I expect the dip to end.
7 Days Heatmap
The crypto heatmap says it all. BTC dipped by around 5%, while ETH remained strong. This is a clear signal that altcoin season is still on. Most altcoins have also been dipping and are currently retesting major weekly support levels.
BTC Analysis
As mentioned in our last roundup article, BTC has been in a flat correction phase after breaking its all-time high.
As long as the $101,500 major low marked in orange holds, the overall bias remains bullish — especially after breaking above the upper bound of the falling red channel.
In parallel, if the last low at $101,500 is broken to the downside, a deeper bearish movement toward the $95,000 weekly low could be on the horizon.
ETH Analysis
As per our last ETH analysis, it has been overall bullish, trading within the rising channel marked in red after breaking above the $2,400–$2,500 resistance zone.
As long as the $2,400 support level holds, we will be looking for trend-following long setups targeting the upper bound of the red channel.
Altcoin season will remain in play unless the $2,400 level is broken to the downside. Such a break would likely trigger a sharp bearish correction across the entire crypto market.
Quote of the week
It’s much better to buy a wonderful company at a fair price than a suitable company at a wonderful price.
~ Warren Buffett
Closing Remarks
In summary, this week has been challenging for crypto holders, as the market saw a sharp correction following a strong three-week rally.
Despite BTC dipping around 5%, ETH held firm, signaling that altcoin season is still intact. BTC remains in a bullish structure as long as the $101,500 support holds, but a break below it could lead to a move toward $95,000.
ETH continues to trade within a rising channel, with $2,400 as the key support level. A drop below this level could trigger a broader market correction, threatening the current altcoin momentum.
