š„ Bitcoin (BTC) Price Action
BTC is currently trading around $89k, having been consolidating in a tight range between $88k and $92k for the past few days, clearly showing price compression. This zone is often considered a typical setup before a major directional move (up or down).
š Weekly Momentum
After the recent dump, BTC is still holding above the $88k key support, suggesting that the weekly structure is currently corrective but not yet showing a breakdown. There have been no new shocks on the macro front following the Fed's recent rate stance, so traders' sentiment remains in a cautious-bullish range.
š Altcoin Outlook
ETH is currently in the $3.1k zone and showing relative strength compared to BTC, comfortably trading above its major support. A slight uptick in the Altcoin Season Index and better bounces in selective altcoins (such as large-cap L1s) indicate that risk rotation from BTC to altcoins is slowly beginning, but not yet a full-blown altseason.
š Market Sentiment
The global crypto market cap is around $3 trillion, and after the leverage flush, the market seems to have moved from panic to a "wait and watch" mode. The Crypto Fear & Greed Index is still in extreme fear (around 16), indicating weak sentiment, but this zone often becomes an area for high-conviction accumulators to gradually enter the market.
šÆ Market Insight ā BTC Compression Zone
The 88kā92k compression band for BTC could become a volatility trigger zone in the coming days.
š Upside: A strong 4H/1D close above 92kā93k could trigger a fast move towards 95k+ with short-covering and fresh long positions.
š Downside: A sustained break below 88k with a volume spike could open the door for a deeper correction in the trend, with 85kā86k being the next major demand zone.
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