Don't Buy Altcoins Until Bitcoin Breaks These Key Levels

Key Takeaways

• Bitcoin technicals: key support at $68,300; a daily close below loses validation. Watch 70,600, 73,300, 78,962 resistances and potential move toward $80k.
• Trading guidance: short-term traders can exploit current swings; DCA investors should stay invested or pause buys until lower prices; avoid altcoins until Bitcoin clears levels.
• MACD and momentum cues: require fast MACD-line curvature and crosses (20→30→50) to confirm upside. Four‑hour sell pressure suggests sideways-to-down near-term action.
• Market structure: exchange supply is lowest since 2017 and non-empty wallets hit records—this could create a long-term supply squeeze, but no immediate surge is expected.
• Ecosystem & ordinals: Magic Eden is sunsetting ordinals; Unisat, Liquidium and DotSwap updates could re-monetize ordinals. Platforms can quickly re-enable APIs—watch marketplace moves.
• Macro & flows: weak US payrolls (-92k) weigh on rallies. Monitor BTC/ETH/SOL/XRP ETF flows (recent outflows). Strike’s NY 'bit' license could increase recurring payroll BTC demand.
• Projects & mining: Parasite mining mined its first block (≈185 PH). Tau/AI narratives underperform; Solana, Orbi and select subnets show institutional interest for long-term upside.

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