Bitcoin started the week with a minor correction, but altcoin traders remain unaffected. The crypto sentiment has improved significantly, with a sharp increase in crypto wallets holding over $1 million in Bitcoin. However, Bitcoin could face headwinds in the near term due to macroeconomic data and events. A short-term pullback is considered healthy for the market’s long-term trend. The S&P 500 Index shows bullish signs, while the U.S. Dollar Index is facing resistance. Bitcoin’s price analysis suggests a possible short-term correction or consolidation. Ether is attempting to flip the $2,000 level into support. BNB is consolidating between $240 and $258. XRP is trading below $0.67 but has not fallen below the 20-day EMA. Solana’s rally may be overextended, indicating a possible correction or consolidation. Cardano broke through a barrier but failed to maintain the recovery. Dogecoin’s failure to sustain higher levels has led to a pullback. Chainlink’s rally may be overextended, with a possible pullback to key levels.
