With Trump considering lowering tariffs on China and Putin considering a ceasefire with Ukraine, the crypto market hasn’t felt this optimistic in a long time. Will this bullish correction extend into a full bullish wave, or is more downside still expected? Let’s find out together.
7 Days Heatmap
The overall bias shifted swiftly from bearish to bullish in just a couple of days, with both BTC and ETH closing the week up by more than 9%. This sudden shift was reflected in altcoins as well, with nearly all of them breaking major highs and having their best week in months.
BTC Analysis
As per our last BTC update, it broke above the $90,000 structure, sparking a complete trend shift from bearish to bullish.
For the bulls to stay in control and aim for the previous all-time high at $107,000, a break above the $95,000 round number is still needed.
In parallel, if—and only if—the orange channel and the last low at $89,000 are broken to the downside, the bears would regain control.
ETH Analysis
As per our last roundup overview, ETH rejected the $1,500–$1,600 support zone and has been bullish throughout the week.
However, this move is just a correction phase, trading within the macro falling channel marked in red.
For the bulls to take over in the long term, a break above the $2,100 resistance level is still needed.
Meanwhile, as ETH retests the lower orange trendline, we’ll be looking for new short-term long opportunities.
Quote of the week
You never know what kind of setup the market will present to you. Your objective should be to find an opportunity where risk-reward ratio is best.
~ Jaymin Shah
Closing Remarks
In summary, geopolitical optimism—driven by potential shifts in US-China tariffs and a possible Ukraine ceasefire—has sparked renewed confidence in the crypto market.
Both BTC and ETH closed the week over 9% higher, triggering a bullish sentiment across altcoins.
BTC broke above $90,000, shifting the trend bullish, but a break above $95,000 is needed to target $107,000.
ETH rebounded from key support but remains in a macro correction; a break above $2,100 is required for a long-term bullish reversal.
