The retest worked well and buyers came back with strength. Price has now pushed to around $2.72 after nearly touching $3.00.
My view: momentum remains bullish, but after such a fast move Iโm watching $2.60โ$2.70 as the key short-term support. If buyers defend this zone, another test of $2.90โ$3.00 could be next.
Patience on the retest paid off. Iโm still watching the structure, not chasing the candle.
Glassnodeโs Altcoin Cycle Signal has reportedly flipped from Bitcoin Season to Altcoin Season, suggesting capital may be starting to rotate beyond $BTC .
If this rotation continues, major alts like $ETH , #SOL and $BNB could start attracting more attention.
My view: this is an encouraging signal, but confirmation matters. Iโm watching altcoin strength against Bitcoin and whether momentum can hold before getting too aggressive.
$SOL has delivered a strong 4H breakout after reacting from the $96โ$99 demand zone.
Price has rallied nearly 19% and is now trading around $112. The next area Iโm watching is $113โ$114.
My view is clearly bullish here. As long as $SOL holds above $108โ$110, I expect buyers to stay in control and momentum to remain strong. A move back below $106 would weaken this setup.
๐บ๐ธ The Fed Raises Rates for the First Time Since 2023
The Fed unanimously approved a 25-basis-point hike, bringing its benchmark range to 3.75%โ4.00%.
Kevin Warsh, Trumpโs choice to lead the central bank, chaired the decision despite the presidentโs repeated calls for lower rates. Warsh cited stubborn inflation as the reason for tightening policy.
U.S. stocks fell following the decision and Warshโs comments, with the Fed signaling that further increases could follow.
Accuracy note: Powellโs term as chair expired; he was not fired. I couldnโt independently verify the claimed $490 billion market loss in 25 minutes.