BTC, ETH and Major Altcoins Face Selling at Range Highs; Mixed Signals for Relief Rally

Bitcoin and several major altcoins are seeing relief rallies stall as sellers defend range highs, keeping market sentiment cautious. BTC is struggling near $72,000–$74,500 and has pulled back toward $69,500; some traders say the real bottom could be below $50,000, while Santiment suggests $60,000 may have been a genuine low if sustained buying and whale accumulation continue. Quant data (BTC Sharpe ratio ≈ -10) signals historically late-stage bear conditions but not a confirmed bottom. Equity and dollar indexes show mixed momentum: the S&P 500 recovered from a false breakdown, while the US Dollar Index remains under pressure. Technical outlooks for top altcoins: ETH met resistance at $2,111 with upside to the 20-day EMA (~$2,447) if cleared; BNB faces sellers near $676 and key support at $602–$570; XRP holding a channel support but needs a break above the 20-day EMA (~$1.63) to turn bullish; SOL rejected below $95 with critical support at $77 and $67; DOGE capped near $0.10, risking $0.08 then $0.06 if sellers prevail; ADA weakness risks $0.20 if channel support breaks; BCH stalled at the 20-day EMA (~$543) with support near $443. Overall, the technical bias remains tilted toward sellers until major resistance levels and moving averages are decisively broken. Traders should watch key levels (BTC $74.5k and $60k; ETH $2,111 and $2,447) and whale accumulation/volume for confirmation before assuming a sustained uptrend.