Trading Desk Insights
Bitcoin steadied after a volatile stretch, holding between 107,000 and 113,000 as traders look for direction. The daily chart still shows a bear flag pattern, with 107,000 as the key level to watch. A close below could see a retest of the 50-week moving average near 100,000, though price action looks firmer today. Momentum is soft with BTC trading below the short-term holder cost basis at 113,000, while bulls work to defend 108,600 and prevent another pullback.
Macro pressure lingers as Trump’s tariff comments and uncertainty around his meeting with President Xi keep risk appetite muted. Futures traders have cut exposure while spot accumulation builds near 107,000, hinting that patient buyers are stepping back in.
Solana continues to stand out with strong performance ahead of ETF discussions, supported by steady inflows and resilience against broader weakness. Beyond markets, Revolut secured a MiCA license in Cyprus to launch its “Crypto 2.0” platform across Europe, and Bitcoin miner debt has jumped 500% this year to 12.7 billion as firms invest in AI-driven infrastructure.
Across markets, sentiment feels cautious but more balanced. Buyers are quietly re-entering near key supports, and early signs of stabilization are emerging after weeks of pressure. If BTC can hold current levels into the weekend, a push toward 113,000 could restore short-term confidence, while Solana remains a bright spot leading broader crypto resilience.
Crypto Charts
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This research is for informational use only. This is not investment advice. Other than disclosures relating to Secure Digital Markets this research is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our research as appropriate.
Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this research.
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