Bitcoin (BTC) is hovering around $87,000 on Tuesday morning after a turbulent stretch that saw liquidations top $486.69 million over the past 24 hours. It's the kind of chop that keeps traders guessing, but beneath the surface volatility, some technical analysts think the pieces are falling into place for the next leg up.
Bitcoin ETFs pulled in $8.5 million in net inflows on Monday, a modest showing compared to Ethereum (ETH) ETFs, which bled $79.06 million in net outflows. The divergence speaks to the uneven sentiment across crypto right now.
Red Monday, Green Week?
Crypto trader Jelle pointed out that Bitcoin has confirmed support at $85,000 with a higher low, which is encouraging if you're bullish. More intriguing: both the weekly and monthly highs were set in the first minute of trading, a pattern that suggests the top likely isn't in yet. Jelle says a "red Monday, green week" setup remains firmly on the table.
Michael van de Poppe agrees that Bitcoin's broader structure hasn't changed, though he'd prefer to see a sweep of the lows to confirm the correction is complete. For now, BTC remains stuck in an $80,000 to $90,000 chop zone offering little in terms of clear setups. A sustained breakout above $90,000 remains the key trigger for renewed upside.
Solana (SOL) is now flashing a weekly TD Sequential buy signal, according to analyst Ali Martinez. That's a tool that has reliably marked major trend reversals since March 2023, so it's worth watching.
Donalds Trades highlighted that Ethereum's failed breakout hasn't invalidated its structure. Price continues to compress inside a falling wedge, a pattern that historically precedes bullish reversals. Translation: Ethereum might be coiling for something bigger.
Trader Niels explained that XRP's (XRP) Power-of-3 structure is progressing as expected. Accumulation is complete, manipulation is still in play and expansion is likely once price clears $2.60. He expects XRP to consolidate for a few more weeks as "smart money" finishes accumulating.
Here's where the major cryptos are trading:
The meme-coin sector continues to slide, now down 6.2% to $44.2 billion in market cap. Yet according to GalaxyBTC, Dogecoin (DOGE) is in its longest accumulation phase ever, a setup he believes could ignite a full-scale "Dogecoin season" and potentially spark a broader altcoin rally. Whether that materializes or not is anyone's guess, but the setup is there.
