Bitcoin is facing challenges as it trades below $110,530, risking a drop to $105,000. The market sentiment appears cautious, with reports indicating increased mentions of 'buy the dip' on social media, suggesting potential downside. Institutional investors continue to show interest despite this seasonal weakness. The S&P 500 Index remains on an uptrend but exhibits signs of weakening momentum, with potential support zones identified. The US Dollar Index has fallen below key moving averages, which may lead to further declines if it fails to regain the 99 level. For major cryptocurrencies like ETH and XRP, resistance and support levels are clearly marked; ETH is struggling around $4,378, and XRP is testing support at $2.73. Other notable cryptocurrencies like BNB, SOL, DOGE, ADA, and LINK also highlight critical support and resistance areas, indicating a broad market analysis ahead of possible price movements. Overall, traders should remain cautious and watch for breakout levels across these assets.

Source đź”—