BTCUSDT is consolidating within a well-defined range between ~$102K and ~$112K, with a bounce off the lower boundary now challenging midrange resistance. As long as BTC trades within the range, altcoins are expected to remain strong.🟩 Midrange: $106K
• 0.618 fib and prior supply zone
• Key inflection for either a move higher or return to range low
🔻 Range Low Support: $102K
• Break below this = plan invalid
• Expect deeper BTC correction and altcoin bleed in that scenario
📈 Bias:
• Altcoins strong = only valid if BTC holds this structure
• Rotations likely while BTC moves sideways or grinds higher
• Upside target (range high): ~$111.9K
📌 BTC stability = altcoin opportunity. Breakdown from range? Get defensive fast.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.