After rejecting from the upper half of the recent recovery range, price has rotated back toward the lower support region around 0.0026, which is currently acting as the last major defense for bulls. This area becomes critical because losing it would likely open the door for another leg lower within the broader bearish structure.

For now, the market is attempting to stabilize at support, but the overall trend remains weak until GALA can reclaim the descending trendline and break back above the 0.618 Fibonacci resistance zone.

What I'm Watching
🟢 Support: 0.00259 → 0.00234
🔴 Resistance: 0.00319 → 0.00355 → 0.00453
📉 Trend: Bearish while below channel resistance
⚠️ A daily close above the descending trendline would be the first sign that a larger trend reversal may be developing.

What stands out here is the developing double bottom formation around the 0.25 region, followed by a strong recovery and continued respect of the rising trendline. This suggests accumulation rather than distribution.

Price is now trapped inside a tightening triangle between 0.33 support and 0.49 resistance. The longer this compression continues, the more significant the eventual breakout is likely to be.

A decisive break above the descending resistance would confirm a major trend reversal and could trigger a powerful expansion toward higher time-frame targets.

Key Levels
🟢 Support: 0.3294 → 0.3103 → 0.2528
🔴 Resistance: 0.4911
📈 Bias: Bullish while holding above ascending support
⚠️ Triangle compression nearing completion. A breakout above 0.49 could mark the start of a larger upside trend.

The recent rejection from the upper wedge boundary near 0.52 cooled momentum, but the pullback was relatively shallow and support around 0.35 - 0.34 held firmly. The rebound from that area shows buyers are still active and attempting to regain short-term control.

As long as TIA remains above the wedge support, the structure favors further consolidation and another push toward the upper resistance zone. A breakout above 0.43 would strengthen bullish momentum and open the door for a retest of 0.52 and potentially higher levels.

Key Levels

🟢 Support: 0.3535 → 0.3417 → 0.2313
🔴 Resistance: 0.4287 → 0.5214
📈 Bias: Bullish while holding above wedge support
⚠️ A clean break above 0.43 would likely trigger the next expansion toward the channel highs.

BTC is currently around $59,568, and price is still trading below the key recovery levels. As long as BTC cannot reclaim strength, the chart can still continue toward the major support zone around $49,000 to $47,000.
This support zone is very important. If BTC reaches that area, we may see a strong reaction or bounce attempt from there.
But if that zone fails, the correction can get deeper toward $43,000 to $39,000.
For now, the invalidation for this bearish idea is around $82,721. If BTC reclaims that level with strength, then this downside setup becomes weak.
Until then, small bounces can happen, but the bigger picture still looks bearish.

ETH is currently around $1,594, and price already lost the major ascending support area. After that breakdown, the chart still looks weak unless bulls reclaim back above the broken support.
The main level I’m watching is around $1,250 to $1,090. That zone is the area where I would expect a stronger reaction if ETH continues dropping.
For now, small bounces can happen, but I don’t want to call it bullish yet. ETH needs to reclaim strength above $1,950 to $2,100 to reduce this bearish pressure.
Until then, I’m still waiting for the lower support zone to be reached.

The first trading day of July brings a packed U.S. economic calendar that could set the tone for the week across forex, stocks, commodities, and crypto. Markets will focus on the ADP Nonfarm Employment Change for an early read on the labor market, followed by S&P Global Manufacturing PMI and the closely watched ISM Manufacturing PMI, offering key insights into the health of the U.S. manufacturing sector. Traders will also monitor Construction Spending, Crude Oil Inventories, and Atlanta Fed GDPNow, while remarks from Fed Governor Warsh could provide fresh clues on the Federal Reserve's policy outlook. Expect elevated volatility around these releases as markets react to new economic data.