Since the war cooled down, BTC has been trading higher at a slow pace, almost recovering all the red days. However, altcoins are still lagging behind. Is altcoin season on the horizon, or is more pain expected? Let’s go over the possible scenarios together.
7 Days Heatmap
The 7-day heatmap is mostly bearish despite the optimism spreading across different financial sectors. The only token standing strong is BTC, closing the week with over 2% gains.
BTC Analysis
As per our last roundup article, BTC rejected the $100,000 round number, broke above the last minor high marked in blue, and has been trading higher.
However, it is currently retesting the upper bound of its falling channel marked in red.
For the bulls to remain in control, a break above the last major high marked in red at $109,000 is needed.
In parallel, if the last minor low in green at $106,000 is broken to the downside, a bearish correction toward the $103,000 mark would be expected.
ETH Analysis
As per our latest ETH update, it is still retesting the $2,400–$2,500 resistance zone. At least it remains stable while many altcoins recorded new lows this week.
For the bulls to shift the entire momentum in their favor, a break above the last major high marked in green at $2,575 is needed.
In parallel, if the last low marked in red at $2,375 is broken to the downside, a new bearish impulse toward the $2,100 support level would be activated.
Quote of the week
I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.
~ Tom Basso
Closing Remarks
In summary, BTC continues to lead the market recovery with steady gains, closing the week over 2% higher despite broader bearish sentiment across the altcoin space.
While BTC tests a key resistance zone near $109,000, a break above could confirm bullish momentum.
ETH remains stable within the $2,400–$2,500 resistance zone, but a move beyond $2,575 is needed for bulls to take control. Altcoins, on the other hand, remain under pressure, with many recording new lows this week.
