ALTCOIN SEASON IS HEATING UP (Urgent Update)!! Bitcoin News Today, Ethereum, Solana, XRP & Chainlink

This video provides an urgent update on the crypto market, focusing on Bitcoin, Ethereum, Solana, XRP, and Chainlink.

Here’s a summary of the key points:

• Bitcoin (BTC):
  • Currently struggling at a major resistance level in the short term.
  • The Super Chain indicator on the weekly chart remains green, indicating a larger bull market.
  • A possible bearish divergence is forming on the weekly chart but is not yet confirmed.
  • The 3-day chart still looks more bullish than bearish, with a bullish cup and handle pattern actively playing out, targeting around $153,000. This target would be invalidated if the price breaks below $110,000.
  • Significant resistance is present in the $120,000 to $123,000 range.
  • The 4-hour RSI has reset, allowing for more potential upside, but resistance remains.
  • Liquidity is building just below the price at around $116.7K, suggesting a potential short-term dip to take out that liquidity.
• Bitcoin Dominance:
  • A major dump is continuing, which is advancing the altcoin season.
  • A bearish divergence confirmed a couple of weeks ago, leading to the current altcoin outperformance.
  • A bearish Bitcoin dominance means altcoins are gaining market share over Bitcoin, outperforming its movements.
• Ethereum (ETH):
  • Massively pumping towards a significant resistance area of $3.9K to $4.1K.
  • This area has seen many rejections since early 2024.
  • The breakout above the golden pocket ($2.7K to $2.8K) was extremely bullish.
  • Currently, ETH has surpassed $3250 (now support) and broken above $3.5K (now short-term support).
  • Potentially breaking out above $3.7K, which would confirm the path to the $3.9K to $4.1K resistance.
  • A new bearish divergence is possibly forming on the 2-hour chart but is not yet confirmed.
• Solana (SOL):
  • Continuing a bullish move due to the Bitcoin dominance dump and Ethereum’s pump.
  • Retesting major resistance at $180 to $185.
  • A confirmed breakout above $185 could lead to the golden pocket resistance of $191 to $199, with a target of $230 if it breaks above $200.
  • The bullish cup and handle pattern is actively playing out with a price target of around $194. This pattern invalidates if the price breaks below $158.
  • A previous bearish divergence on the 4-hour chart has been invalidated, and the RSI is potentially forming a higher high, indicating no divergence.
• XRP:
  • Officially retested and is bouncing from the previous all-time high level, now acting as new support.
  • A possible bearish divergence is forming on the weekly chart but is not yet confirmed.
  • XRP is in a larger bull market, often moving in volatile straight lines.
  • Breaking out above the previous significant resistance at roughly $3.
  • The next significant Fibonacci extension level is $4.60 to $4.70.
  • Strong support is expected at $3.30 to $3.40, based on the previous all-time high resistance now flipping into new support.
• Chainlink (LINK):
  • Just confirmed a breakout above significant resistance at $17.50 to $18.
  • Potentially confirming a double bottom (W pattern), a bullish reversal pattern.
  • The conservative technical price target for the double bottom is approximately $28.
  • The next major resistance area is around $20 to $21.
  • A possible bearish divergence is forming on the 4-hour chart but is not yet confirmed.

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