With global tensions easing—both the war between Russia and Ukraine and the trade war between the US and China—the crypto market is finally turning optimistic again. Will we see a new all-time high (ATH) for BTC this week, or do the bulls need a stronger catalyst? Let’s explore the possible scenarios together.
7 Days Heatmap
The overall crypto bias remains bullish this week, with BTC making a new local high after gaining over 1.8%, and ETH outperforming BTC—an early signal that altcoin season might be closer than expected.
BTC Analysis
As highlighted in our last roundup article, BTC broke above the $95,500 level, signaling a bullish continuation toward the $104,500 target.
As long as the rising orange channel remains intact, the medium-term sentiment will stay bullish.
In parallel, if the lower orange trendline is broken to the downside, a short-term bearish correction toward the $88,500 zone would be expected—where we’ll be looking for new trend-following long opportunities.
ETH Analysis
ETH continues to hover around the upper orange and red trendlines, forming a strong rejection zone as highlighted in our last market outlook.
For the bulls to maintain control, a break above the $1,845 level is required.
Meanwhile, ETH remains bearish overall in the long term and could still trade lower to test the $1,600 support before starting its next impulsive phase.
Quote of the week
A good trader watches his capital as carefully as a professional scuba diver watches his air supply.
~ Anonymous
Closing Remarks
In summary, with geopolitical tensions easing, optimism is returning to the crypto market.
BTC has broken above the $95,500 level, suggesting a bullish continuation toward $104,500, while ETH’s recent strength hints at a potential altcoin season.
However, ETH still faces long-term bearish pressure unless it clears key resistance. A downside break in BTC or ETH could lead to short-term corrections before further bullish continuation.
