↗️↘️ Dead Cat Bounce in Bitcoin?
Bitcoin continues to show stability above the 100-week moving average, a level that has been key in previous cycles. For now, there are no decisive developments observed, suggesting a consolidation phase without a clear market direction.
The context becomes more complex when analyzing altcoins, as many are breaking multi-year lows or the lows from November, reflecting general weakness. However, Ethereum continues to respect those levels, showing relative strength against the rest of the market, which leaves a clearly mixed scenario.
Within this context, a possible scenario is that Bitcoin rises to the $100k zone, where the 50 SMA (purple) is located, absorbing greater liquidity at the upper part, only to then face a rejection and fall again, forming the classic “dead cat bounce.” Everything will depend on how the price reacts at those key levels.