Crypto Frontline

BTCUSD (Coinbase)

The bullish scenario outlined a week ago materialized and Bitcoin is back up into that $74,500 resistance area. This happened even though tensions in the Middle East haven’t yet eased. Rallying at a time of broad market uncertainty is an encouraging sign, but we advise traders to be cautious this week, since everything could fall apart after a bad headline. 

So far, the 4h chart 20 EMA is acting as dynamic support and if that continues, we could see further upside above $74,500. Our next resistance area comes around $79k – $80k. Although the structure is increasingly pointing to a bottoming formation, we can still have sharp pullbacks.

Selling into the $68k area, where the 200 SMA is located, wouldn’t negate the progress made last week. We want to see the market holding above $66k to support a further continuation higher. 

Caution is advised below $66k and in case selling doesn’t stop, we could see the $60k area revisited quite fast. Up until now, the oil price has dictated the tone of markets, so if oil rises sharply, BTC could drop. 

ETHUSD (Kraken)

We can see better signs of bottoming in Ether and now the $2,150 is no longer resistance, but a support in case the price pulls back. We maintain a short-term bullish stance on this coin as long as the price trades above the trend line highlighted on our chart. 

Buyers are squeezing shorts and we could see further upside momentum at the beginning of this week. A short squeeze can turn out to be a violent move to the upside, which is why traders shouldn’t be surprised if the market edges into the $2,500 resistance. 

If we start to see weakness below $2,200 – $2,150, we would like buyers to step in and drive the price back up. A short-term dip below that area won’t be a problem, as long as the price doesn’t break the trend line. A break below $2,000 would be a bearish signal. 

LINKUSD (Kraken)

Chainlink is closely correlated with Ether, and in this case as well, we’re noticing an improvement in the price action structure. As things stand right now, we think it’s likely the market can continue rallying into $10,24, which is the October 2025 low. 

That could be an inflection point, or if the price pierces through it, further upside could follow. We would rather wait for a pullback to the 4h chart 20 EMA and then target that zone. If buyers push the market higher, we think it would be wise to wait and see whether sellers resume in force. 

Like last week, with a conflict still ongoing in the Middle East, market sentiment depends on how things develop. LINK will move higher if tensions ease, and if not, we could see a pullback to the $9 area. An impulsive break below the 200 SMA would be a bearish sign, based on our current assessment.