Bitcoin is approaching key support levels, hinting at a potential relief rally. Major altcoins are struggling to rally against bearish resistance. Glassnode data shows long-term holders profiting from 3.4 million BTC. Institutional demand for US spot BTC ETFs is slowing with net outflows of $479 million. Fear looms as Bitcoin falls, pulling Crypto Fear & Greed Index into “fear” category.

BTC’s weakness drags down major altcoins, indicating negative sentiment. Will BTC bounce off $107,000 support and lift altcoins? Sellers aim to break BTC below $107,000 for further downside. ETH falls below $4,060 support, signaling bearish pressure. XRP tests $2.69 support, risking a drop to $2.20. BNB struggles to recover, facing resistance at $1,034.

Solana faces selling pressure below 20-day EMA, possible drop to $175. Dogecoin struggles to break above 20-day EMA, bears may push price to $0.21. Cardano slips below $0.78 support, facing bearish pressure. Hyperliquid defends $40 support, potential rally to $59 if price breaks above $49.88. Chainlink dips to support line, buyers may step in to prevent further decline.

Avalanche plunges below 20-day EMA, bears in control. Buyers may defend at 50-day SMA ($26.62) for consolidation. Traders should conduct their research before making investment decisions.

Read more at Cointelegraph: Bitcoin, Altcoins Rebound As Dip Buyers Supply Volume