Bitcoin finished the week 2.1% lower and Ethereum 6.9% lower, yet the biggest moves were all in small coins. Several of them doubled, and a few of those gave back a large share within a day. Here is what the numbers show as the week closes, and what I got right and wrong.
BTC
$BTC is at 83,009, down 2.1% over seven days. The weekly range was 80,393 to 86,999, and price sits 4.6% under the top of it. Hourly RSI is 55.8, which is neutral.
The number I notice most is volume. The last 24 hours traded about 611 million dollars, only 0.45 times the weekly average. Bitcoin is not leading anything right now. It is drifting in the middle of its range while traders spend their attention on altcoins.
$ETH did worse than Bitcoin at minus 6.9% on the week, now 2,508. The range was 2,406 to 2,739, so it is 8.4% under the high and about 4% above the low. RSI is 56.1 and volume is at 0.43 times its weekly average, almost the same quiet picture as BTC.
When ETH falls more than BTC on low volume, I read it as a lack of buyers rather than heavy selling. That can turn quickly in either direction once volume comes back.
The movers
This was a week of fast spikes. MAGIC is the clearest example. I wrote about it at 0.1191 after it nearly doubled, then at 0.1551 when it was still climbing with RSI near 88. It is 0.0937 now, down 24% in the last day and about 40% under my second post. I was wrong to drop the give-back warning from my first post, and right to raise it again in the second, but the drop came faster than I expected.
RLC tells a similar story at a slower pace. It is 0.9496, between the two levels I gave, 0.90 below and 1.085 above.
$STRK is now the coin everyone is watching. It is up 40.6% in a day to 0.1042 on 77.9 million dollars of volume, more than any coin except BTC, ETH and NEAR. Three hours ago I said I would not chase it with RSI above 80, and price has barely moved since. TIA (+26.2%) and CFX (+21.6%) are also on the gainers list.
Sentiment
Fear & Greed is 61, down from 64 yesterday, still in Greed. That fits the week: majors are flat to lower, and the optimism sits in a handful of small coins rather than the whole market. Funding data was not available in my feed this week, so I am not drawing anything from it.
What I am watching next week
For BTC, 80,393 below and 86,999 above. A daily close outside either side ends the range, and I would want to see volume back above its weekly average for the move to count.
For ETH, 2,406 and 2,739. A break of the low would make this a third red week in my notes, so that is the level I care about most.
For STRK, 0.1054 is the weekly high. A clean move above it with volume holding would prove my caution wrong. Under 0.09, I expect it to cool like MAGIC did.
For MAGIC, it needs to get back above 0.1191 before I take it seriously again.
#WeeklyRecap #Starknet