Bitcoin’s current uptrend continues to show strength, with bulls steadily pushing price higher after the recent recovery from the lows. The next major resistance areas to watch are $91,000 and $94,000, two zones where sellers have previously stepped in and where momentum will be tested again. If bulls manage to break through these levels, the structure could extend further, supporting the case for a continued short-term rally.
Meanwhile, retail behavior is beginning to play its usual role in market psychology. Many traders who missed the bottom are now FOMO-shorting late, adding liquidity that typically fuels additional upside. This pattern is common: late shorts get squeezed, price runs higher, and then once retail finally flips to FOMO-longs, that often marks the point where the market reverses back down. It’s a reliable sentiment indicator — retail shorting often fuels the uptrend, retail longing often ends it.
Another important factor is BTC dominance, which is currently showing a bearish structure. A weakening dominance chart generally indicates capital rotating from Bitcoin into altcoins. If this continues, the market could enter a window where altcoins outperform, creating attractive opportunities for short-term trades. Historically, these periods can be explosive for selective alts, especially when BTC stabilizes below major resistance levels. With Bitcoin trending upward and dominance slipping, traders may find some of the best setups of the week outside of BTC itself.
Add comment
Comments