Market Snapshot – P1 / P2 view (1H → short-term context)
P1 – Broad Risk-Off Impulse
Across majors $BTC $ETH $BNB #SOL #XRP we’re seeing synchronized downside expansion. This isn’t random alt weakness — it’s a market-wide risk-off move led by BTC, with sharp percentage drops and momentum acceleration. That usually points to forced selling / liquidation pressure rather than slow distribution.
P2 – Stabilization vs Continuation Zone
Prices are now reacting off intraday lows, but most bounces look corrective, not impulsive. Structure across the board remains below key short-term resistance (trend indicators / reclaim levels). If BTC fails to reclaim its breakdown zone, this relief bounce likely fades and turns into consolidation. A strong reclaim on BTC would be the first signal that downside pressure is easing and rotation back into risk can start. Until then, expect choppy price action with sellers active on rallies.