Bitcoin (BTC) — Monitor with Watch Signal

I’m keeping a close eye on Bitcoin (BTC) as it trades near key support and resistance levels. While the crypto markets have shown volatility, BTC continues to be the dominant driver of overall sentiment and liquidity, making it essential to monitor macro cues and on-chain dynamics for a clearer read on momentum.

My take is that BTC remains a barometer for risk appetite in crypto markets. If Bitcoin can reclaim recent highs with sustainable volume, that would support a constructive outlook for altcoins and the broader market cycle. Conversely, a sustained break below important price zones could mean increased downside risk and a more cautious stance across the sector.

Overall, Bitcoin’s path depends heavily on macro factors, risk-on/risk-off shifts, and evolving on-chain activity. I’ll watch for catalysts like regulatory developments, macro liquidity trends, and shifts in derivative positioning to guide any actionable moves in BTC and correlated assets.