Bitcoin holds $118K while ETH, BNB, LINK, UNI aim to extend the altcoin rally

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.