Cryptocurrency markets are trading lower on Monday as weakness in Bitcoin continues to drag down altcoins.
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Trader Notes: Crypto trader Stockmoney Lizards sees current levels as a "good support area" that could spark a bounce.
Ted Pillows sees Bitcoin in a distribution phase as whales sell, ETF outflows increase, and corporate buying slows. He is also watching the unfilled CME gap at $94,000–$96,000 as a potential target.
Crypto Batman says Bitcoin hasn't topped yet. Retail FOMO is absent, with Google search interest still low compared to 2018 and 2022 peaks. He suggests BTC has room to climb until retail returns.
Castillo Trading plans to long at lower-limit support, short/take profits near upper-limit resistance. No breakout expected yet.
Daan Crypto Trades notes Bitcoin and Ethereum both broke down in the weekend flush but are now attempting to re-enter their ranges. Reclaiming those key areas would strengthen the relief bounce case.
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