Bitcoin surged above $96K, briefly lifting altcoins, but analysts caution this may be a short-term spike rather than a sustained uptrend. Moves like this are often driven by short squeezes and FOMO, not strong accumulation.
A genuine rally requires resistance breaks, retests, and structural confirmation. The recent jump from $91K → $96K lacks proper consolidation, and altcoin gains are mostly secondary effects.
Two scenarios to watch:
Pullback to $93K–$94K → safer entry point for traders.
Hold above $96K–$97K for multiple sessions → confirms a rally and stronger altcoin performance.
For now, patience is key. Waiting for structure and confirmation reduces risk compared to rushing in.
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BTC
95,640.01
-1.00%