1. **Summary:**
Bitcoin is facing pressure following a 9% drop last week, with some analysts predicting a potential correction. MicroStrategy is an exception, having added Bitcoin to its holdings. The S&P 500 and the US Dollar Index are also experiencing fluctuations. Altcoins like ETH, XRP, SOL, BNB, DOGE, ADA, and AVAX are facing challenges and potential price movements. Technical analysis on various cryptocurrencies suggests possible scenarios for traders to consider.
2. **Key Insights:**
– Bitcoin is struggling with a potential correction looming, indicated by a drop below weekly support.
– MicroStrategy stands out with Bitcoin acquisitions despite the market’s uncertainty.
– S&P 500 and US Dollar Index reflect ongoing fluctuations and potential price movements.
– Altcoins like ETH, XRP, SOL, BNB, DOGE, ADA, and AVAX are facing challenges and varying price scenarios.
– Technical analysis provides insights into potential trading strategies based on chart patterns and support/resistance levels across different cryptocurrencies.
