Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout

Bitcoin experienced a brief spike above $94,500 earlier this week but ultimately failed to maintain its position, leading to a pullback. This movement triggered a short squeeze but could not break resistance levels that have constrained Bitcoin for most of the past three weeks. This price point remains a significant resistance for traders. Similarly, other major altcoins like Ether, Dogecoin, and Solana followed suit, demonstrating how Bitcoin's health largely impacts these cryptocurrencies. Technically, Bitcoin faces a struggling posture and must breach this resistance to regain upward momentum. Traders should concentrate on short-term support and resistance moves in an increasingly responsive market environment.