After the war started between Iran and Israel last week, the crypto market has been relatively calm this week. It feels like the calm before the storm. But the question is: should we prepare for takeoff or brace for impact? Let’s find out together.
7 Days Heatmap
The 7-day heatmap is still screaming red for the third week in a row, signaling caution in the crypto market, especially since many low market cap altcoins are recording new lows every week.
BTC Analysis
As per our last roundup article, BTC has been trading steadily within a range between the $100,000 round number and the $112,000 all-time high.
As it approaches the lower bound of this range, we will be looking for short-term long opportunities.
And for the bulls to take over long term and start the next major bullish wave, a break above the upper bound of the red symmetrical triangle is needed.
ETH Analysis
As per our latest ETH analysis, it rejected the lower bound of the channel and the $2,500 support.
This week, ETH is retesting the structure again, so we will be looking for long opportunities as long as the $2,400 support level holds.
For the bulls to take over and start the next impulse move toward the $2,800 resistance level, a break above the last major high in red at $2,560 is needed.
Quote of the week
Hope is not a strategy.
~ Anonymous
Closing Remarks
In summary, despite the ongoing conflict between Iran and Israel, the crypto market has remained calm this week — a potential pause before major movement.
The 7-day heatmap continues to flash red for the third consecutive week, highlighting caution, especially as small-cap altcoins hit fresh lows.
BTC remains range-bound between $100,000 and $112,000, with short-term longs in play near the lower bound. A breakout above the symmetrical triangle is needed to confirm a long-term bullish trend.
Meanwhile, ETH is retesting key support at $2,400, with bullish momentum expected if it breaks above $2,560, targeting the $2,800 resistance.
