Key points:
– Bitcoin has pulled back to roughly $76,000, an important near-term support level to monitor.
– Several major altcoins have slipped below their short-term supports, suggesting buyers have retreated.
Risk-off sentiment hit crypto markets on Monday after a sharp geopolitical warning from US President Donald Trump about Iran, which traders and analysts said could pose material downside risk for BTC. At the same time, institutional flows cooled: spot Bitcoin ETFs recorded about $1 billion in weekly net outflows, the first outflow after six straight weeks of inflows totaling roughly $3.4 billion.
Despite broader caution, Strategy — the largest public corporate holder of Bitcoin — added to its position, purchasing 24,869 BTC for about $2.01 billion between May 11 and 17, lifting its holdings to approximately 843,738 BTC according to its recent filing.
Below is a concise chart-based read of the major markets and the top crypto assets to watch.
S&P 500 (SPX)
The S&P 500 recently hit a new intraday high near 7,517 before short-term profit taking. A pullback to the 20-day exponential moving average (around 7,273) would be a normal correction; if buyers defend that level and the index rebounds strongly, the uptrend could resume toward the 8,000 area. A break below the 20-day EMA, however, would weaken momentum and open the door to a deeper retracement toward about 7,002.
US Dollar Index (DXY)
The dollar bounced from roughly 97.74 and climbed above its medium-term moving averages. Minor resistance sits near 99.34; clearing that could take the DXY toward the 100.54 zone, where selling may be heavy. A decisive close above 100.54 would signal a potential new leg higher (targets near 101.97). If the DXY reverses and falls below its 50-day simple moving average (~98.98), the index may remain range-bound between 97.74 and 100.54 for the near term.
Bitcoin (BTC)
Bitcoin has slid to the 50-day simple moving average (about $75,627), a key battleground between bulls and bears. To regain control, buyers need to keep BTC above the 50-day SMA and close decisively above the 20-day EMA (~$78,715). That would open a path to resistance near $84,000. Conversely, a close below the 50-day SMA increases the chance of a drop to the ascending channel’s support line; a breakdown there could push BTC toward the $65,000 area.
Ether (ETH)
Ether broke below the rising channel’s support and is trading below short-term moving averages. The 20-day EMA (~$2,255) is turning down and the RSI is near oversold territory, which indicates sellers are in control. Any bounce is likely to meet selling pressure at the 20-day EMA; failure to reclaim moving averages would raise the odds of a decline toward $1,916.
XRP
XRP slipped under its 50-day SMA (around $1.39), suggesting bears are attempting to take charge. If XRP closes below that moving average, the next notable support sits near $1.27, which buyers are likely to defend; a breach could lead to $1.11 and eventually the psychological $1.00 level. On the upside, resistance sits at the downtrend line and $1.61; a clear break above $1.61 would point to a short-term trend change, with possible moves to $2.00 and $2.40.
BNB
BNB pulled back from the $687 resistance and dropped beneath the 20-day EMA (~$648). Minor support is near the 50-day SMA (~$637); if that gives way, $570 is a critical level — a close below $570 would suggest the next leg down toward $500. If buyers defend the 50-day and push past $687, the token could rally toward $730 and then $790.
Solana (SOL)
SOL closed below its 50-day SMA (about $85), signaling renewed selling pressure. Support around $82 may hold initially, but weakness from the 20-day EMA (~$88) raises the chance of a break to $76. The earliest sign of strength would be a daily close above the 20-day EMA, with bulls needing a move above $98 to regain control.
Dogecoin (DOGE)
DOGE has dipped beneath its 20-day EMA (~$0.11), implying short-term buyers are on the defensive. With a relatively flat 20-day EMA and an RSI near the midpoint, expect sideways action between $0.09 and $0.12 for now. A sustained move above $0.12 would target $0.14 and $0.16; a break below $0.09 would likely extend losses toward $0.08.
Hyperliquid (HYPE)
HYPE has shown volatility as bulls and bears battle near recent highs. A push above $45.77 was met by selling, so buyers must secure a close above that level to clear the way to $50–$51.43. On the downside, the 20-day EMA (~$42.55) is the key support; dropping below it could lock HYPE into a consolidation range roughly between $38.17 and $47.32.
Cardano (ADA)
ADA has fallen below the 50-day SMA (~$0.25), and its moving averages sit flat with the RSI just under the midpoint, implying a likely range bound phase between $0.22 and $0.31. A breakout above $0.31 would point to renewed upside momentum toward $0.40, while a close under $0.22 would signal a resumption of the downtrend with a lower target near $0.13.
Takeaway
Geopolitical headlines and signs of institutional caution have put pressure on risk assets, testing several key supports across Bitcoin and major altcoins. Traders should watch the moving averages and the support zones noted above — holds would suggest consolidation and eventual resumption of the prior trends, while decisive breaks would open the path to deeper corrections.
This rewrite is informational and follows standard editorial guidelines; it is not investment advice. All trading and investing carry risk — do your own research and consider consulting a licensed professional before making financial decisions.