Bitcoin cup-and-handle: BTC appears to be forming a daily cup-and-handle near $114,000, with a breakout above $114k likely to target $118k–$120k. Monitor volume and the 50-day EMA for confirmation; failure to hold $108k–$110k risks a drop toward the 200-day EMA around $104k.
Bitcoin cup-and-handle forming near $114k — breakout could target $118k–$120k.
Ethereum sits between $4,200–$4,500; a break below $4,200 may test the 100-day EMA near $4,000.
Solana shows a lower high at ~$210–$225; losing $196 risks declines toward $176–$170.
Bitcoin cup-and-handle: BTC may complete a cup-and-handle near $114k; watch breakout above $114k for bullish confirmation. Read the market signals now.
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What is Bitcoin’s key pattern and how likely is a breakout?
Bitcoin cup-and-handle appears on the daily chart and suggests a potential bullish reversal if BTC clears the $114,000 neckline. The handle’s completion with rising volume and a breach of the 50-day EMA would increase odds of a move into the $118,000–$120,000 range.
Traders should watch volume and the 50-day and 200-day EMAs for confirmation. A failure to hold $110,000–$108,000 support raises the risk of a deeper retracement toward $104,000 (200-day EMA).
BTC/USDT Chart by TradingView
How should traders monitor the breakout?
1) Watch a daily close above $114,000 with rising volume as primary confirmation.
2) Confirm momentum with RSI moving upward from neutral and price above the 50-day EMA.
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3) Use $110,000 as stop-risk reference for short-term positions and $104,000 as structural support for longer-term plans.
How close is Ethereum to a pivotal level and what would a breakdown mean?
Ethereum pivotal level is the $4,200 support zone. ETH has shifted from a steady upward channel into sideways consolidation between $4,200 and $4,500, signaling waning momentum.
Both 20-day and 50-day EMAs previously supported ETH’s stairway gains. A sustained drop below $4,200 would likely test the 100-day EMA near $4,000 and could open the path to $3,600 if momentum worsens.
What signals could save the bullish case for ETH?
Renewed buying above $4,500 with expanding volume and a rising RSI would restore the bullish structure. Institutional flows or network developments cited by official Ethereum data could also shift sentiment positively.
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Is the Solana rally ending and what are the key levels?
Solana rally shows a lower high around $210 after failing to surpass ~$225, which indicates weakening buying pressure. Declining volume and a flattening RSI reinforce the exhaustion thesis.
If SOL breaks short-term support at $196, expect moves toward $185 and the 100-day EMA near $176. A deeper break could test the 200-day EMA around $170 and undermine the long-term bullish case.
What would reverse the downtrend for SOL?
A decisive push above $210–$215 with strong volume is required for bulls to reclaim control. On-chain metrics and developer activity reports (referenced as plain text sources) would also be positive confirmations.
Frequently Asked Questions
What levels should BTC traders watch for confirmation?
Watch a daily close above $114,000 with expanding volume and RSI support; maintain $110,000 as a short-term risk level and $104,000 (200-day EMA) as the longer-term structural support.
How can ETH maintain its bullish structure?
ETH must hold $4,200 and push above $4,500 with higher volume to resume the previous bullish trend. Declining volume suggests sideways risk, so confirm with on-chain inflows and institutional activity.
Key Takeaways
- Bitcoin cup-and-handle forming: Breakout above $114k with increased volume targets $118k–$120k.
- Ethereum pivotal level: $4,200 is critical; a failure risks testing $4,000 and lower.
- Solana rally exhaustion: Lower high and falling volume; $196 and $176 are key supports to monitor.
Conclusion
This market update highlights three pivotal setups: the Bitcoin cup-and-handle, Ethereum’s pivotal level at $4,200, and signs of exhaustion in the Solana rally. Traders should front-load risk management around the identified support and resistance zones and watch volume and EMA behavior for confirmation. Stay prepared for either a bullish breakout or a decisive shift to bearish sentiment in the weeks ahead.