Crypto Charts Show Short Term Strength, But Key Support Still Decides the Risk | July 9, 2026

The crypto market is getting interesting again, but I want to be clear: this is not a blind bullish call. This is about structure. There are several charts showing possible short term upside setups, but every one of them still needs confirmation. Let’s start with Bitcoin (BTC). A lot of people may look at Bitcoin right now and see chop, or even a bearish consolidation. But the more important setup is the possible inverse head and shoulders pattern forming. The key level is around $57,700. As long as the right shoulder does not break below that level, the pattern can remain valid. What I want to see is simple: sideways action, maybe slightly lower chop, then a curl higher into a neckline break. If Bitcoin breaks that neckline, the measured move target is around $71,700, with the broader upside zone near $71,000 to $72,000. That target matters because it lines up with prior pivot highs and a larger resistance trend line. So there is confluence there. But the risk is also clear. If Bitcoin is around $62,500 and the invalidation area is near $57,700, the downside risk is less than 10%, roughly 8%. The upside into $71,000 to $72,000 is about 10% to 12%, depending on entry. Ethereum (ETH) has a similar setup. The trend line goes all the way back to 2022, was tested again in 2025, and was pierced more recently. That makes it an important level. Ethereum could still break lower over the next three to six plus months, but in the short term, it may also be forming an inverse head and shoulders pattern. A pullback into the $1,650 to $1,675 area is the zone to watch. If the setup works, the upside target is around $2,000 to $2,100. Solana (SOL) is one of the stronger charts. It did not make the same lower low that Bitcoin and Ethereum did, and that relative strength matters. Solana already broke out, and now it is retracing back toward the breakout area. That is the level to watch. The upside target is about $100. XRP (XRP) finally broke out of its wedge pattern. Because that wedge goes back a long way, the breakout could have more power behind it. The source does not give an exact upside target, but the point is that the first pullback after a breakout like this is usually not the end of the move. Hyperliquid (HYPE) is holding a rising trend line that goes back to May of 2026, through June, July, and into mid July. If that line breaks, there is risk of a bigger move lower. If it holds, the upside target is around $85 to $86. Avalanche (AVAX) is still struggling, but it may be forming a smaller inverse head and shoulders pattern. A breakout above roughly $7.07 would open the door toward about $8. Polkadot (DOT) also remains weak, but it has a clear downsloping trend line. The next upside target is around $1.18 to $1.17. Hedera (HBAR) does not have enough structure yet. It needs to start making a higher high before the chart really begins to change. Cardano (ADA) had a strong move and is now pulling back into a prior consolidation area. The upside target remains $0.22 to $0.24. Monero (XMR) is important at $295. If it holds, the chart is still okay. If it breaks $295, that is a major breakdown. There is also a pivot zone between $535 and $490. Above $535, it can trade back toward the highs. Below that zone, the near term bias still favors downside. Stellar (XLM) is a classic failed structure: big pop, lower pop, another lower pop, then a breakdown, retrace, and rejection. So the message is simple: the crypto charts have upside potential, but only if structure holds. If support fails, the bullish patterns are off the table.