Bitcoin holds $118K while ETH, BNB, LINK, UNI aim to extend the altcoin rally
Main Idea
Bitcoin shows potential for upward momentum above $120,000, while altcoins like ETH, BNB, LINK, and UNI aim to extend their gains, with key resistance and support levels highlighted for each.
Key Points
1. Bitcoin faces strong selling pressure in the $120,000 to $123,218 zone, with a potential rally if it breaks above $123,218, or a drop to $110,530 if it falls below the 20-day SMA.
2. Ether (ETH) remains strong, with spot ETH ETFs recording $1.01 billion in net inflows, and key support at $4,094; a break below could lead to a drop to $3,833.
3. BNB is trading in a tight range between $792 and $827; a break above $827 could push it to $900, while a drop below $787 may signal a trend change.
4. Chainlink (LINK) shows bullish momentum above $18, with resistance at $27; a drop below $20.83 could lead to a decline to $18.
5. Uniswap (UNI) faces resistance at $12, with potential to rally to $15 if broken; support at the 20-day SMA ($10.19) and 50-day SMA ($9.05) are critical levels to watch.
Description
Bitcoin could pick up momentum above $120,000, with ETH, BNB, LINK, and UNI following suit.
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