Market Analysis - Bitcoin is facing resistance near its previous high, showing signs of a potential pullback [1] - A possible cup and handle formation is forming, which could lead to further upward movement if the liquidity above is taken out [1] - A bearish scenario involves a break below the rising trendline with increased volume, potentially indicating a false breakout and a shift in market structure [1] - The analyst is closely monitoring whether the price will break below a certain level, as a break could signal a change in market framework [1] - The analyst notes that a false breakout followed by a drop could present a shorting opportunity [1] Technical Indicators - The analyst observes that the current pullback seems to be filling a gap from a previous rapid price increase [1] - On the weekly chart, MACD shows potential divergence, indicating a possible weakening of momentum [1] - The analyst points out that on the hourly chart, a retest of a consolidation zone could signal further upside potential [1] Altcoin Analysis - Ethereum is currently filling a gap, and its performance is tied to Bitcoin's ability to hold support [1]