BTCUSD has experienced a strong bearish move on the H1 chart. The price appears to have found support near 1.09K, indicated by two consecutive bullish candles.

Analysts suggest that if the support holds, a short-term rebound could occur, but a break below this level may increase bearish momentum and push the price lower.

CFTC Move May Impact Domestic Platforms

A recent analysis shared on the YouTube channel Crypto World highlighted a recent advisory from the US Commodity Futures Trading Commission, which may allow American traders to access Binance and other offshore cryptocurrency exchanges.

BTCUSD, H1 Chart, Source: TradingView
BTCUSD, H1 Chart, Source: TradingView

This represents a potential shift from previous restrictions and could increase market activity while intensifying competition for domestic platforms such as Coinbase.

You may find it interesting at FinanceMagnates.com: XRP Consolidates at $3 as Analyst Cautions on Impact of US Economic Data.

Current market conditions show Bitcoin in a short-term recovery, though broader indicators suggest limited upward strength. Resistance is noted near $112K–$117K, with support around $109K–$105K.

Altcoins Show Mixed Signals, Analysts Warn

Ethereum is trading within a defined range, with support at $3,900–$4,100 and resistance near $4,800–$4,900. Solana has established support at $190–$200 and is targeting $230. XRP shows bearish divergence on the weekly chart, indicating potential weakness. Chainlink is trading near $25, with resistance at $27 and support at $23.

Analysts Outline Bitcoin Trends amid Market Volatility

Financial analysts have shared views on Bitcoin’s recent price movements and market trends. John Pompiano noted that the recent decline may reflect seasonal and broader market factors, with corporate treasuries potentially influencing demand. He also discussed possible U.S. Federal Reserve rate cuts and broader economic conditions.

Crypto analyst BitcoinHyper highlighted technical signals indicating short-term downtrends, noting that breaches of key support levels could lead to further corrections. Oversold indicators may allow temporary rebounds, though the overall trend remains cautious.

Ryan Lee, Chief Analyst at Bitget, expects Bitcoin to trade within a defined range. He emphasized that higher leverage in futures markets and macroeconomic developments, including Fed policy, could affect price direction, with rebound opportunities balanced against potential corrections.

Source: Finance Magnates