Crypto is bleeding. Bitcoin hit a new low of $61,309 overnight - roughly 54% off its all-time high from last October - while the S&P and Nasdaq sit at record highs. In this ProCharts Crypto session, Jake Sweeney maps the key support and resistance levels across Bitcoin, Ether, Solana, XRP, and Avalanche: where price could bounce if selling continues, and the reclaim levels that would put bulls back in control. ━━━━━━━━━━━━━━━ LEVELS COVERED ━━━━━━━━━━━━━━━ 🔵 BITCOIN (BTC) - New low of $61,309 overnight, recovered ~2.5% to around $62,000, about 54% off the all-time high set last October. First support is the $60,001 pivot, which converges with the long-term upsloping trendline (from 2020) near $60,000 - a confluence zone Jake would consider for a long. Below that, the $52,802 shelf is the longer-term level. Bulls need a reclaim of $69,000 to start building higher lows. 🔵 ETHEREUM (ETH) - Same setup: rejected at resistance and breaking a trendline now hit five times. Low of $1,716 overnight. Watching the $1,742.79 pivot to hold; below it, the $1,688 shelf, then the long-term upsloping trendline off the 2017 lows. Upside: reclaim $2,007 to recover last week's losses, then $2,395. 🔵 SOLANA (SOL) - Daily head-and-shoulders that triggered and kept selling. The $68.18 pivot is holding for now; below it, $67.48, then $63.98 and the upsloping trendline. Upside needs a reclaim of yesterday's $75.63 pivot, then $81.21. 🔵 XRP - Broke down and caught support at the $1.13 pivot; below that, $1.11, with long-term support back at the $0.95 origin (a level Jake does not want to see lost). Upside trigger is a reclaim of $1.27, with down-trendline resistance near $1.40. 🔵 AVALANCHE (AVAX) - In price discovery at an all-time low of $7.51 after breaking the $7.53 pivot - no prior structure below. A drop under $7 could find a bounce at the down-trendline. Resistance stacks at the $8.62 shelf and the upsloping trendline above it. Big picture: institutions are treating crypto as a pure risk-off asset - the S&P (SPY) and Nasdaq (QQQ) are at all-time highs while crypto bleeds, and money isn't rotating in yet. The CLARITY Act cleared its vote and heads to the Senate next - a potential tailwind. ━━━━━━━━━━━━━━━ CHAPTERS (estimated - no timecodes in source) ━━━━━━━━━━━━━━━ 0:00 Crypto Selloff Overview 0:25 Bitcoin (BTC) Levels 3:15 Ethereum (ETH) Setup 5:15 Solana (SOL) Head & Shoulders 7:00 XRP Support Levels 8:15 Avalanche (AVAX) Price Discovery 9:15 Risk-Off, Stocks at Highs & the CLARITY Act ━━━━━━━━━━━━━━━ Want these levels in real time as they develop? Trade alongside the Verified Investing team in the Apex Live Day Trading Room. ProCharts Crypto with Jake Sweeney, Verified Investing - [day/time ET] Follow Jake: @[Jake handle] 👍 Like, comment, and let Jake know which charts you want covered next. ━━━━━━━━━━━━━━━ DISCLAIMER: This content is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly. ━━━━━━━━━━━━━━━ #Crypto #Bitcoin #BTC #Ethereum #ETH #Solana #SOL #XRP #Avalanche #AVAX #CryptoTrading #TechnicalAnalysis #CryptoAnalysis #Altcoins #CryptoMarket #ProCharts #VerifiedInvesting #JakeSweeney #SupportAndResistance
