Bitcoin (BTC) is positioned for a rally toward $65,000–$70,000 in August if it holds support near $62,000, with an invalidation stop-loss set below $59,000.

Falling Bitcoin Dominance signals strong outperformance ahead for the broader altcoin market, led by Solana (SOL) as a prime buy on pullbacks near $75 targeting the mid-$80s with a stop-loss at $73.

Chainlink (LINK) offers a high-conviction long opportunity after reclaiming its 200-day moving average, with an upside price target of $12–$14 over the next few weeks.

Investors can accumulate NEAR Protocol (NEAR) near its current support levels for an anticipated breakout toward $2.20.

For additional upside, consider buying dips on Hyperliquid (HYPE) between $55–$56 or accumulating Sui (SUI) in its current base for a target range of $0.80–$0.85.

Bitcoin (BTC)

• Bitcoin is currently testing critical support in the mid-$62,000 area following recent CPI and PPI macroeconomic data releases.
• Holding the $62,000 level could trigger a short-term rally to $65,000, with a breakout above the current wedge pattern opening the door to $69,000–$70,000 in August.
• If short-term support fails, major secondary bounce zones sit at $61,500 and $60,000, with overall macro structure remaining bullish above $59,000.
• Bitcoin Dominance is breaking down below key trendline support, signaling that altcoins are gaining relative strength and setting up for potential outperformance.

Takeaways

• Watch the mid-$62,000 zone for a confirmed bounce toward $65,000 and $70,000.
• Prepare limit orders or long positions near the $61,500 and $60,000 support levels if a deeper pullback occurs.
• Maintain a stop loss or risk invalidation level below $59,000.

Ethereum (ETH)

• ETH is trading in a choppy consolidation flag pattern, leading to short-term stop-outs.
• Price action is approaching lower technical support levels near the 0.618 Fibonacci retracement zone.

Takeaways

• Look for accumulation opportunities near the bottom of the flag pattern / 0.618 Fibonacci support level.
• Alternatively, wait for a confirmed breakout above the top of the flag before entering new long positions.

Solana (SOL)

• SOL is showing strong upward momentum and acting as one of the relative strength leaders among major altcoins.
• The asset is holding its key ascending trendline.

Takeaways

• Consider buying pullbacks into the $75 support region.
• Place tight stop-loss protection around $73.
• Target a near-term price move into the mid-$80s.

Chainlink (LINK)

• LINK is exhibiting significant relative strength and is currently testing its 200-day moving average.
• Becoming one of the first major altcoins to reclaim this moving average serves as a strong bullish indicator.

Takeaways

• Maintain or establish long exposure as long as the token challenges and holds above the 200-day moving average.
• Target an upside move toward $12–$14 over the next few weeks.

Hyperliquid (HYPE)

• The token recently completed a short-term technical breakout and is exhibiting solid market strength.
• Any upcoming retracement is expected to find support along previous breakout levels.

Takeaways

• Look for re-entry or new long positions on pullbacks between $55 and $56.
• Set a stop loss just below the lower ascending support trendline.

NEAR Protocol (NEAR)

• NEAR is holding support right at its 200-day moving average within a bullish descending flag pattern.
• A breakout from this consolidation pattern would signal a continuation of its larger trend.

Takeaways

• Accumulate near the 200-day moving average or enter on a confirmed 1-hour trendline breakout.
• Set stop losses below the previous higher low.
• Target a move up toward $2.20 over the coming weeks.

Sui (SUI)

• SUI is undergoing an extended base accumulation phase.
• The consolidation indicates potential preparation for a strong squeeze higher.

Takeaways

• Accumulate spot positions within the current trading range.
• Target an upside move toward the $0.80–$0.85 price zone.

Avalanche (AVAX)

• AVAX is compressing tightly against a daily descending trendline.
• A breakout above this trendline is expected to trigger a significant short squeeze.

Takeaways

• Monitor the daily trendline closely and enter long positions upon a confirmed breakout.
• Target an initial upside move toward $8.30.

Cardano (ADA)

• ADA has retraced into its major 0.618 Fibonacci support level while forming a tight descending channel/wedge.
• The structure suggests a potential breakout could occur in the near term.

Takeaways

• Consider long entries on a breakout from the descending channel with a stop loss below recent lows.
• Target a rally toward recent resistance and the 200-day moving average at $0.23.

Fetch.ai (FET)

• FET has broken its 4-hour downtrend line, setting a potential higher low within a larger descending channel.
• Short-term momentum is beginning to shift bullishly.

Takeaways

• Look for continuation to the upside following the trendline break.
• Set an initial price target at $0.15, with a secondary target of $0.19 over the coming weeks.

Dogecoin (DOGE)

• DOGE is currently held in modest position sizes with plans to scale in further during market dips.

Takeaways

• Look for incremental spot accumulation during broader market pullbacks.