Welcome to another crypto market outlook for the 18th of January!
After rejecting the lower bound of its range, BTC surged with remarkable momentum. Could we see a new all-time high for BTC this week? Let’s explore the possible scenarios.
Today, we will cover the following topics:
– Market Heatmap and Fear and Greed Index
– US500, DXY and Gold Analysis
– USDT.D, Bitcoin and Ethereum Analysis
– Quotes / Advices
– Closing Remarks
Market Heatmap and Fear and Greed Index
BTC has taken the lead once again, initiating another bullish wave. With this latest surge in BTC, altcoins seized the opportunity to form new higher highs, shifting the entire medium-term momentum from bearish to bullish.

The Fear and Greed Index has suddenly shifted to “Extreme Greed” following yesterday’s parabolic bullish movement in the crypto market.
This indicates that traders are speculating on the potential resumption of the alt season.

US500, DXY and Gold analysis

The US500 has been hovering within a range around the $6,000 round number for the past three months.
For the bulls to regain long-term control, a breakout above $6,000 is essential.
In the meantime, this level will serve as a resistance zone.

In our last market overview, the US500 broke above the $5,880 structure, highlighted in red, and surged in a parabolic fashion.
It is now approaching a major resistance at $6,045, which the bulls need to break to sustain control.

The DXY has shown no signs of slowing down for weeks, continuing to trade within the rising channel marked in blue.
As long as it remains within this channel, any bearish movement would be considered a correction phase before the bulls regain momentum.

In the short term, the DXY is trading within a flat rising wedge, highlighted in red.
For the bulls to regain control and trigger the next impulse, a breakout above the previous high of $109.45 is required.

As per our last update, gold is currently hovering around the upper bound of its range, marked in blue.
As long as this structure holds, it will act as a local resistance zone.

Since gold is hovering around the upper bound of its range, the bears could step in at any moment.
For the bears to confirm control, a break below the last minor low of $2,690 is required.
USDT.D, Bitcoin and Ethereum analysis

As anticipated in our last USDT.D update, the dominance rejected the upper bound of the orange channel.
It is currently hovering within the 3.75%–4% support zone.
If the 3.75% level is broken to the downside, it could signal the start of another long-term bullish wave for crypto.

As expected, the bears gained control of USDT.D after it broke below the 4.22% minor low, marked in orange.
If the 4% level is broken to the upside, the bulls could take short-term control, leading to a bearish correction in the crypto market.

BTC held strong, rejecting the major low marked in green, and even broke back above the $100,000 level.
However, it is now approaching the upper bound of its range.
For the bulls to regain long-term control and initiate another parabolic movement, a break above the current all-time high is required.

The bulls gained short-term control this week after breaking above $95,400, followed by a breakout above $102,750, confirming medium-term dominance.
As long as the $102,750 structure holds, we expect a continuation toward the upper bound of the range.

As anticipated in our last ETH analysis, the bulls took control after rejecting the $3,000 level and the lower red trendline of the falling wedge pattern.
ETH is currently retesting the upper bound of the wedge, which aligns with the $3,500 resistance level.

For the bulls to regain long-term control, a breakout above the $3,600 resistance level is required.
In the meantime, as ETH retests the $3,000 support level, we will look for new short-term long opportunities on lower timeframes.
Quotes / Advices
There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.
~ Jack Schwager – Author of Market Wizards
Closing Remarks
In summary, the Fear and Greed Index has spiked to “Extreme Greed,” fueling speculation of a potential alt season.
US500 remains within a range around $6,000, with a breakout above $6,045 required to regain long-term bullish momentum.
DXY continues to trade in a rising channel, with short-term consolidation in a wedge, while gold is testing resistance around its upper range at $3,500.
BTC’s surge above $102,750 confirms medium-term dominance, though a break above the all-time high is needed for long-term control.
ETH is retesting key levels, with a breakout above $3,600 required to confirm long-term bullish momentum.