📘 Alpha Intel Drop — May 20, 2025

Bitcoin broke to new all-time highs last night but was quickly met with sharp rejection.
The daily and weekly closes remain bullish, but short-term volatility is high.

🇺🇸 What’s Driving Markets

📈 Bitcoin’s ATH & Pullback

• BTC surged past $106K, setting new daily and weekly closing highs.
• A fast sell-off followed, bringing BTC back to the $103K–$104K range.
• A close above $105K is key for continuation.

📉 Ethereum’s Modest Gains

• ETH rose from ~$2,495 to ~$2,542 last week.
• Strength driven by broader optimism and easing trade tensions.

🤝 US-China Trade Truce

• 90-day tariff pause in effect.
• US tariffs dropped from 145% → 30%; China’s from 125% → 10%.
• Short-term relief, but long-term direction remains unclear.

📊 Market Moves & Reactions

🟠 BTC

• Trading near $106K, with daily high around $106,700.
• Resistance at $105K–106K; breakout could send us to new ATHs.
• Key support levels: $103K, $100K.

🟣 ETH

• Trading around $2,498, intraday high near $2,575.
• Resistance at $2,600; breakout = upside continuation.

🟢 Altcoins

• Several altcoins are showing bullish reversal signals.
• A confirmed BTC breakout could rotate strength into alts.

📅 What’s Coming This Week

• May 20–22 – Avalanche Summit (London): Big for $AVAX and ecosystem news.
• May 21 – U.S. Crude Oil Inventory report.
• May 22 – S&P Global Manufacturing PMI.
• May 23 – U.S. New Home Sales report.

👀 Bonus Notes

📉 U.S. Credit Downgrade

• Moody’s downgraded the U.S. from Aaa to Aa1 due to rising debt, deficits, and political gridlock.
• Market reaction has been calm so far, but trend is concerning long term.

🔮 Outlook

• Investors remain cautiously optimistic.
• Bullish if BTC holds key levels and CPI data trends lower.
• $2B+ in BTC shorts could be liquidated if price pushes past $109K.

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