Cryptocurrency trader DonAlt warns that Bitcoin is in a "difficult situation" after falling into a short trap following a breakout above $92,000, and predicts that Bitcoin could further decline to $105,000. He considers this breakout failure a typical bullish signal but also points out that the monthly resistance level remains concerning. DonAlt believes Monero (XMR) has the potential to break out, but he is skeptical about most altcoins (such as Litecoin LTC), and thinks Solana (SOL) will consolidate sideways, while warning that holding underperforming altcoins could entail significant opportunity costs.
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Cryptocurrency trader DonAlt warns that Bitcoin is in a "difficult situation" after falling into a short trap following a breakout above $92,000, and predicts that Bitcoin could further decline to $105,000. He considers this breakout failure a typical bullish signal but also points out that the monthly resistance level remains concerning. DonAlt believes Monero (XMR) has the potential to break out, but he is skeptical about most altcoins (such as Litecoin LTC), and thinks Solana (SOL) will consolidate sideways, while warning that holding underperforming altcoins could entail significant opportunity costs.