TLDR:
- Bitcoin remains bullish, holding key range, while altcoins show early signs of strong cycle recovery.
- Recent liquidation events have created potential entry points for traders focusing on altcoins.
- Ethereum flipped a 1,300-day resistance into support, signaling possible tail-cycle momentum.
- Traders are advised to scale in slowly, targeting mid-range reclaim or clear breakout triggers.
Crypto traders are watching the market closely as Bitcoin maintains its position within a critical range. Analysts suggest prices could be in the late cycle phase, with at least one more leg of growth possible.
Altcoins are beginning to show strength, mirroring patterns observed in previous cycles. Market participants are cautious, scaling positions carefully to avoid sudden losses. Recent volatility has highlighted the importance of timing and strategic entry points.
Bitcoin Price Movement and Market Cycle
According to CryptoAmsterdam on Twitter, Bitcoin’s structure remains bullish despite minor dips. Analysts warn of potential traps where traders buy back in at elevated levels after a rebound.
Bitcoin’s weekly close below the range high support would require reassessment of positions. However, reclaiming this range could extend the bullish trajectory. Traders are currently advised to monitor key levels before adding significant exposure.
CryptoAmsterdam notes that Bitcoin accumulation earlier in the cycle focused on long-term positions, while altcoins are now the primary target. Traders anticipate a potential retracement that could fill previous wicks.
The market may not always follow historical patterns, but probabilities suggest a continuation of bullish momentum for Bitcoin. Timing and caution remain crucial as traders look for entry triggers.
Altcoin Cycle and Positioning Strategy
Altcoins are gaining attention as Bitcoin dominance begins to wane. Historically, altcoins outperform during the tail end of the cycle, often lagging behind Bitcoin’s moves.
Ethereum and other major altcoins have reclaimed key support zones, showing potential for a strong rebound. CryptoAmsterdam highlights Total 3 and other altcoin ranges as strategic zones for scaling in.
Traders are advised to consider their current exposure before increasing positions. CryptoAmsterdam reports partial fills occurred during recent dips, emphasizing the need for patience.
Entry triggers include reclaiming mid-range levels, bullish breakouts, or local trendline breaks. Specific tokens like CRV, HYPE, and PUMP are mentioned as examples of setups that could yield gains if key conditions align.
Recent liquidation events, compared to historical crashes like COVID-19, offer insights into altcoin behavior. While not identical, patterns suggest early-cycle opportunities.
Traders should use macro structure and local chart levels to cope with volatility. The approach focuses on slow scaling rather than aggressive full allocation.
