Bitcoin's Golden Cross retest and its target of $114,000 suggest a continuation of the bull market. The market crash is viewed as a short-term factor, with the prevailing analysis indicating that long-term fundamentals remain sound. Traders are pointing to the potential start of a bull market, with optimism spreading across the broader market. Overall market bias: Bullish.

* Bitcoin Retests Golden Cross: Bullish Pattern Preceded Past Parabolic Rallies Bitcoin's retest of the golden cross, a historically bullish signal, is fostering optimism among market participants. Past instances indicate this pattern has preceded significant price rallies, suggesting potential for further upside if the current support level holds. As altcoins like SHIB tend to correlate strongly with Bitcoin's movements, the positive outlook for BTC carries optimistic implications for SHIB as well. * Bitcoin Eyes Liquidity Above $114,000 as Traders Bet on Price Rebound Market analysis suggests Bitcoin is targeting liquidity above the $114,000 level heading into the weekly close. Traders anticipate a rebound in BTC price over the coming week, expecting the bull market trend to remain intact despite a $19 billion liquidation event. This anticipated recovery for Bitcoin could improve overall market sentiment, potentially driving capital inflows into altcoins, including SHIB. * BNB Hits New All-Time High, Dubbed an "Undervalued Blue-Chip" BNB reaching a new all-time high (ATH) surpassing $1,300 suggests a reassessment of the network's reliability and fundamentals. The CEO of CEA Industries described BNB as "the most overlooked blue-chip in the market," signaling growing interest in non-Ethereum platforms. While SHIB is an Ethereum-based token, the success of alternative platforms like BNB highlights the broader altcoin market's growth potential, likely capturing investor attention. * Market Crash Not Affecting Long-Term Fundamentals: Analysts Analysts suggest Friday's market crash stemmed from short-term factors, including excessive leverage and US-China tariff news, rather than indicating a prolonged downturn or deteriorating fundamentals. This perspective bolsters confidence in market resilience, viewing the dip as a healthy correction. For volatile assets like SHIB, the perception of sound underlying market fundamentals is expected to support recovery prospects. * Crypto Traders Blame Trump Tariffs Seeking a "Single Event": Santiment Reports indicate that traders are citing President Trump's tariffs on China as the primary cause for the market downturn. Santiment suggests this is a form of "rationalization" common among retail traders, implying the true reason for the decline may be more fundamental. This analysis underscores the risk of attributing market moves solely to external events, highlighting the need to consider intrinsic market dynamics. While such events can temporarily dampen sentiment, assets like SHIB have substantial recovery potential if the core market drivers remain robust. * Zcash Recovers Pre-Crash Highs After Crypto Market Turmoil Zcash has demonstrated remarkable resilience, recovering to its pre-crash levels following the recent crypto market turmoil. This illustrates the ability of privacy-focused cryptocurrencies, like Zcash, to rebound independently of broader market sentiment, driven by their specific use cases. Although SHIB differs from Zcash, the capacity of some altcoins to recover from market disruptions serves as a positive indicator for the potential resilience of the entire altcoin sector. * "Highly Likely the Beginning of a Crypto Bull Market": Traders Some traders posit that Friday's sharp market decline may, in fact, signal the early stages of a crypto bull market. They emphasize the market's underlying strength, deeming panic selling now as "foolish." This bullish outlook could improve overall market sentiment and increase investor risk appetite, potentially catalyzing fresh capital inflows into risk assets like SHIB. * Hyperliquid's 100,000 BTC Whale Linked to Former BitForex CEO On-chain investigation reveals that a hyper-liquid 100,000 BTC whale address is associated with the former CEO of BitForex, implicated in a fraud scandal. This news raises concerns about large holder activities and their potential ties to established exchanges and related individuals, sparking discussions on market transparency and integrity. While the direct impact on SHIB may be limited, the implications for overall market confidence warrant consideration. * Overall Summary The prevailing view among market analysts is that Friday's market crash constituted a temporary correction driven by excessive leverage and external factors, having minimal impact on long-term fundamentals. Bitcoin is retesting historical bullish patterns, fueling recovery expectations. In this environment, SHIB, while tracking Bitcoin's performance and overall market sentiment, remains susceptible to price fluctuations based on specific news and developments, with elevated short-term volatility anticipated.

While the short-term market downturn is primarily attributed to leverage unwinding and geopolitical factors (such as tariffs), Santiment suggests the possibility of deeper, underlying market dynamics, leaving residual risk of unforeseen declines. News linking a 100,000 BTC whale to a former CEO could potentially raise concerns about transparency within the broader market. Given that altcoins like SHIB are heavily influenced by Bitcoin and overall market sentiment, these factors turning negative could reignite downside risks.

In the short term (24-48 hours), expect modest gains or range-bound trading, mirroring Bitcoin's bullish momentum. Over the medium term (1 week), should Bitcoin target $114,000, SHIB could potentially see a corresponding recovery. However, volatility remains a key factor to monitor. Key catalysts to watch are Bitcoin's stable ascent and an improvement in overall market sentiment.

The prevailing view is that Friday's market crash constituted a healthy correction driven by excessive leverage and short-term external factors, and that it does not undermine the long-term fundamentals of the cryptocurrency market. Bitcoin is currently retesting a Golden Cross, reminiscent of past bull runs, and the move to capture liquidity towards $114,000 is injecting optimism into the overall market sentiment. Among traders, the sentiment is that this is "highly likely to be the start of a bull market," further fueling expectations for a recovery trend. Under these circumstances, SHIB is expected to closely track Bitcoin's movements, seeking opportunities to rebound. While the immediate market bias is assessed as bullish, a cautious approach is warranted due to the expected persistence of high volatility. As an action plan for investors, we recommend cautiously building positions upon confirmation that Bitcoin maintains the $110,000 support level and progresses towards the $114,000 target. It is advisable to avoid chasing rallies excessively and instead adopt a "buy the dip" strategy. Setting stop-loss levels below recent lows and establishing take-profit targets incrementally, aligned with Bitcoin's momentum, is the recommended approach. This week, Bitcoin breaking the $114,000 level is poised to be the primary catalyst. From a risk management perspective, remain vigilant regarding sudden market fluctuations and regulatory news. This temporary correction could potentially serve as an entry opportunity into the anticipated long-term bull market.