Ahead of PCE and Nvidia Earnings: Bitcoin May Dip to $83,000–$84,000, Altcoins Under Pressure

Cryptocurrency market volatility has intensified recently, with attention focused on the upcoming U.S. PCE inflation data and Nvidia's earnings report. Analysts note that Bitcoin could dip further to the $83,000–$84,000 zone, while altcoins are under short-term pressure, though some tokens may present oversold rebound opportunities.

Key Events: PCE and Nvidia Earnings

The U.S. Personal Consumption Expenditures Price Index (PCE) will be released tomorrow. It is the Federal Reserve's preferred inflation gauge. At the same time, Nvidia will also report earnings. Nvidia's stock has been weakening recently, and the market worries that the earnings report could trigger another sell-off. However, analysts believe that because the market has already priced in some of the pessimistic expectations, if the stock continues to fall before the report, it could actually stage a 7%–10% rebound after the report. Overall, the ideal scenario is for the market to dip slightly first, then rebound once the data or earnings land.

Bitcoin: Watch the $83,000–$84,000 Resistance Zone

Analysts are watching Bitcoin across multiple timeframes. Bitcoin recently staged a rapid rebound in the $78,400–$70,000 range, but if the market continues to weaken, key support below lies near the VWAP and bullish order block around $78,600. If it dips further, the weekend low (which has not been fully filled) could become a larger potential rebound zone.

On the upside, the $83,000–$84,000 area is seen as the next major resistance zone. This zone corresponds to previous highs and macro Fibonacci levels, and analysts believe that if price reaches this area, strong selling pressure may emerge. In addition, USDT dominance has fallen to an extreme low, near November 2023 levels, and could rebound. Once USDT dominance rises, it may trigger a crypto market downturn. Analysts therefore caution that this risk needs to be watched closely.

Altcoin Market: Some Coins Show Oversold Rebound Signals

Multiple altcoins are showing technical rebound opportunities after the recent correction, and analysts are watching the following names:

• Ethereum (ETH): Could find support near $2,300 in the short term; if it stabilizes and rebounds, the target is $2,800.
• Solana (SOL): Currently in a short-term shorting zone. Around $102, a short-term short can be considered with a stop loss at $103; if it falls further, wait for lower areas to look for long opportunities.
• Hyperliquid: Watch for a breakout signal above $83.3. If price breaks out effectively and retests the 0.5 Fibonacci and VWAP support around $80.38, it can be seen as a long opportunity, targeting $86–$93.
• Aptos (APT): Analysts have established a long near $0.5886, with a stop loss at $0.564–$0.565; a second buy area is at $0.5788, targeting the 200-day moving average.
• Beam: A small long signal has appeared near $0.0014, with a stop loss at $0.0014.
• TAO: If it holds above $230 and the 200-day moving average, watch for a rebound to the $268–$270 area.
• Ethena: Short-term rebound signs have appeared above the VWAP, with a stop loss reference around 47 and an average entry reference around 151.
• Near: Watch two potential rebound areas: $1.86 and $1.812–$1.79 (the 50-day moving average).
• Pepe: Watch for long opportunities in the $0.375–$0.36 area.
• Sui (SUI): Watch support around $0.7575.
• Zcash: If it drops to the $0.715–$0.78 area, a rebound may occur.
• Others such as Triple V, Virtual, Pingu, Arrow, and Brett also have their own areas of interest, but they need to wait for price to enter key zones before further assessment.

Analysts emphasize that the above areas are technical analysis observations only and do not constitute investment advice. Investors should make their own judgments and manage risk.

Traditional Market Linkages: U.S. Stocks and Oil

In U.S. equities, if the S&P 500 falls to around 7,600 points, a relatively strong rebound may occur. The Dow Jones Industrial Average is showing relative strength near 53,740 points, but the Nasdaq has already missed its shorting level, so it is in a wait-and-see stance in the short term. Ahead of Nvidia's earnings report, analysts lean toward building long positions, expecting a rebound after the report.

In the oil market, WTI crude oil prices are entering a reversal zone at $81.2–$80.4. Analysts believe a rebound may occur in this area, and they are watching for bottoming signals.

In addition, Intel's stock price may see a small-scale rebound near $79.6, but a larger support level lies near $65 at the 200-day moving average and Fibonacci area.

Market Sentiment and Risk Warning

Surveys show that about 68% of investors are on the sidelines, waiting for lower prices. Analysts believe that such unanimous wait-and-see sentiment often suggests the market may first move in the opposite direction. At the same time, USDT dominance is at an extreme low, and liquidity distribution shows significant liquidation pressure to the upside, so market volatility may increase.

Before the PCE data and Nvidia earnings report, the market is likely to maintain a volatile, range-bound pattern. Investors should control position sizes, avoid excessive leverage, and wait for clearer breakout signals.