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Bitcoin briefly touched $107,000 before pulling back sharply to test the $100,000 psychological level, where dip-buying interest re-emerged, particularly during Asian trading hours. This rebound underscores the strength of long-term bullish sentiment, but also highlights growing signs of exhaustion in the current leg higher.
Bitcoin Dominance Maintains, Altcoins Lag
Bitcoin dominance stayed strong at 59.4%, reaffirming its role as the liquidity anchor and safe-haven asset within the crypto ecosystem. Such dominance suggests that capital is consolidating into Bitcoin in the face of macro uncertainty, delaying a broader altcoin rotation. Ethereum and other Layer 1s have struggled to keep pace, reinforcing the leadership of Bitcoin in both institutional flows and market resilience.
The recent pullback to $100,000 was met with strong buying interest, but short-term RSI indicators have eased from overbought extremes. Traders are now watching for confirmation of either a deeper correction or a renewed breakout above resistance.
Technical Setup for BTCUSD
BTC/USD is currently trading around $100,000 to $100,360, with resistance forming around $107,171 to $107,500. The broader structure remains bullish, but the near-term setup favors tactical selling from higher levels unless a decisive breakout occurs.
- Resistance: $107,171 to $107,500, followed by $108,800
- Support: $100,360, then $100,000 as psychological price level
- Bearish take: Sell rallies toward $107,171, seeking targets at $100,360 and $100,000. Maintain stops above $107,500.
- Bullish setup: Consider long only if price holds firmly above $107,500 with target at $108,800. Use tight stops below $107,100.
- Range trading: Trade the $100,000–$107,171 range. Sell strength near resistance, buy dips near support with tight risk controls.
Momentum May Stall for Bitcoin and Crypto Overall
With dominance at 59.4%, Bitcoin remains the anchor of the market, but this also signals a lack of altcoin participation. If dominance begins to fade, it could mark the start of a broader rotation, potentially reigniting upside across the crypto landscape. Until then, the leadership of Bitcoin is intact, but upside may be capped without fresh catalysts. Unless Bitcoin can break and hold above $107,500, the bias remains tactically bearish. Traders should monitor dominance trends, volume near resistance, and broader crypto sentiment to gauge whether this is a pause before continuation or the start of a deeper unwind.
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