Bitcoin Breaks Trendline, Alts May Experience a Rebound

Recently, the ceasefire between Iran and Israel, along with the new highs in the US stock market, have driven Bitcoin's net inflow to a new peak, likely starting a new round of upward momentum. Last week, Bitcoin rose over 6%, indicating strong buying near the $100,000 mark. Bulls are striving to maintain the price above $108,000 to consolidate their dominant position.

However, it is important to note that liquidity is usually lower on weekends, and caution should be exercised regarding breakout trends. It is expected that sellers will return on Monday and attempt to keep the price within the range of $100,000 to $112,000.

The strong performance of Bitcoin has also driven buying interest in some altcoins, with certain altcoins rebounding from support levels. If Bitcoin sets a new all-time high, some altcoins are expected to break through resistance levels and continue their rebound momentum.

Bitcoin Technical Analysis

Bitcoin is currently oscillating between the moving average and the downward trend line. Bulls are trying to push the price above the downward trend line, but bears are still holding their ground.

The moving average shows an upward trend, with the Relative Strength Index ( RSI ) located in the positive range, indicating that the bulls have a slight advantage. If the bulls successfully break through the downward trend line, BTC/USDT could rise to $110,500, potentially reaching $112,000.

It is expected that the bears will build a strong defense between the downward trend line and the neckline of the head and shoulders pattern. However, if the buyers break through strongly, Bitcoin may soar to around $150,000.

Conversely, if the price falls back from the downtrend line and breaks below the moving average, the short-term bullish expectation will be shattered. This could lead to a drop in price to $102,500, or even fall back to the $100,000 support level.

From the 4-hour chart, Bitcoin rebounded from the 20-day moving average but failed to break through the resistance of the downward trend line. If the price continues to fall and breaks below the 20-day moving average, it indicates that the bulls are losing control. It may then drop to the 50-day moving average, which is a key support level. A break below the 50-day moving average may intensify selling pressure, pushing the price towards $100,000.

Bulls need to push the price up and stabilize above the downward trend line to generate a strong bullish signal.

HYPE Technical Analysis

Hyperliquid (HYPE) broke below the 20-day moving average last Thursday at 37.14 USD, but the bears failed to hold the lower levels, indicating that each slight pullback has buying support.

Last Saturday, the bulls pushed the price back above the 20-day moving average. Currently facing resistance at $39.12, if this position is突破, HYPE/USDT may rise to $42.5. It is expected that the $42.5-$45.8 range will face significant resistance.

Conversely, if the price falls below the 20-day moving average, it indicates that bears are active at high levels. It may subsequently drop to the 50-day moving average (34.42 USD ). If it breaks below and closes under the 50-day moving average, it may further retreat to the support level of 30.69 USD.

The 4-hour chart shows that HYPE is finding support at the 50-day moving average, with bulls attempting to push the price up to the resistance level of $39.12. If successful in breaking through, it is expected to rise to $41, or even $42.5.

The first support below is the 20-day moving average, followed by the 50-day moving average. A break below the moving averages indicates a weakening bullish momentum and may lead to a drop to $33.25, followed by a fall to the strong support level of $30.69.

BCH Technical Analysis

Bitcoin Cash faces resistance at $500, but the bulls have not shown a significant pullback, which is a positive sign.

The upward sloping moving average and the RSI indicator in the positive range indicate that the bulls are dominant. This increases the likelihood of a breakout above $500. If the breakout is successful, BCH/USDT may rise to $550. Bears may attempt to block around $550, but if the bulls gain the upper hand, further gains to $625 are expected.

The first support level below is the 20-day moving average at (464 USD ), followed by the 50-day moving average at (430 USD ). Falling below the 50-day moving average indicates that bears have regained control of the market.

The 4-hour chart shows that bulls are working hard to keep the price above the 20-day moving average. If successful, BCH may challenge the $500 resistance again. A breakout above $511 could further strengthen the upward momentum.

Conversely, if the price falls below the 20-day moving average, it indicates that the bulls are taking profits. This may lead to a pullback to the support level of the 50-day moving average, where the bulls might enter.

Chainlink Technical Analysis

Chainlink has been holding the 20-day moving average at 13.27 USD support, showing that the bulls are maintaining pressure.

If the price breaks through and stabilizes above the 20-day moving average, LINK/USDT may rise to the 50-day moving average (14.43 USD ). It is expected that bears will strongly defend near the 50-day moving average, as breaking through this moving average may signal a trend reversal. Subsequently, LINK is expected to target 18 USD.

On the contrary, if there is a significant drop from the current position or the 50-day moving average, it indicates that bears are selling at high levels. A drop below $12.73 may cause LINK to fluctuate within a downward channel for a period of time.

The 4-hour chart shows that the bulls are trying to push the price to the resistance line, but the bears are actively defending around $13.5. If it falls below the 20-day moving average, it indicates insufficient demand at high levels and may retreat to the 50-day moving average support.

Conversely, a strong rebound from the 20-day moving average indicates optimistic market sentiment. LINK may rise to the resistance line, which is a key position. After breaking through the resistance line, it is expected to further increase to $15.5.

Sei Technical Analysis

Sei's momentum strengthened after breaking the 50-day moving average at 0.21 USD on last Monday (, and it broke the resistance level of 0.29 USD on Tuesday.

However, buyers failed to hold the high position, falling back below $0.29 on Wednesday. The good news is that bulls subsequently pushed the price back above $0.29. The 20-day moving average ) at $0.23 ( has started to rise, and the RSI is in the positive range, indicating that there is little upward resistance. SEI/USDT is expected to rise to $0.35, or even $0.43.

If it breaks below the 20-day moving average, the short-term bullish expectation will be broken. This could lead to a pullback to $0.19, followed by a drop to the support level of $0.15.

The 4-hour chart shows that both moving averages are on an upward trend, and the RSI is in positive territory, which is bullish for buyers. If the price holds at $0.3, SEI could rise to $0.33.

Sellers may attempt to push the price below the 20-day moving average. If successful, SEI could drop to $0.27 or even the support of the 50-day moving average. Buyers are expected to firmly defend the 50-day moving average, as further pullbacks could delay the recovery of the upward trend.

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