Bitcoin just snapped back into focus over the weekend as bulls pressed price above $112,000 and even flirted with $113,000—right as select altcoins burst higher. With HYPE +14% to $46, ZEC and JUP printing double-digit gains, and XRP at a multi-week high, the market is flashing a familiar question: is this the start of a clean breakout in BTC and another brief rotation into higher-beta alts—or a weekend head fake in thin liquidity?

What just changed in the market?

Bitcoin’s post-CPI whipsaw resolved upward, rallying from just over $106,000 to reclaim and test the $112,000–$113,000 zone. BTC’s market cap has pushed above $2.240T, while dominance slipped to 57.7%, hinting at early alt participation.

Across majors, XRP +4% to about $2.65, ETH grinding toward $4,000, and BNB near $1,125. Among larger-cap alts, HYPE led with +14% to $46; ZEC +13.5% and JUP +14% followed. Total crypto market cap is hovering near $3.890T.

Why this matters to traders

- A decisive reclaim of $112,000 with follow-through above $113,000 would strengthen the uptrend and expand risk appetite. - Slightly lower dominance with green alts suggests a potential—though fragile—window for rotation trades. - It’s the weekend: thinner order books can magnify moves and reversals. Expect faster momentum—and faster invalidations.

Key levels to watch

- BTC resistance: $113,000 (intraday cap). Above it, momentum traders may target prior weekly highs. - BTC support: $112,000 (break/retest pivot), then the $111,000 area. Deeper support sits near the recent swing low just over $106,000. - ETH: Psychological $4,000 acts as magnet/resistance. - XRP: $2.65 is a short-term pivot; hold above favors continuation. - BNB: Around $1,125 is the spot to hold for bulls. - HYPE: Strength above $46 signals buyers in control; watch for momentum cool-down risk after a vertical day.

How to trade the setup (examples)

• Break–retest–go (BTC): Look for a clean H1/H4 close above $113,000, then a controlled retest holding $112,000–$112,500. Invalid if price loses $112,000 on closing basis.
• Fade the fakeout: If BTC stuffs $113,000 and closes back below $112,000, short toward $111,000 with tight risk, partials before the weekend low.
• Selective alt rotation: If BTC ranges above $112,000, look for relative strength in names already leading (HYPE, ZEC, JUP) on pullbacks to intraday support—avoid chasing vertical candles.
• Risk management: Reduce size on weekend, predefine invalidation, and avoid adding into volatility spikes.

Risks to respect

Weekend liquidity can exaggerate both breakouts and breakdowns. Post-CPI aftershocks may continue, and a quick dominance snap-back can pressure alts. For smaller, speculative tokens, liquidity can vanish quickly—assume higher slippage and gap risk.

One actionable takeaway

Treat $112,000–$113,000 as the decision zone. Trade the confirmation: either a sustained hold above with a retest for continuation—or a rejection that resets risk lower.

Bottom line

Momentum improved into the weekend, but confirmation still hinges on $113,000. Keep plays tight, prioritize leader strength on pullbacks, and let price prove the next leg before committing size.

If you don't want to miss any crypto news, follow my account on X.