Bitcoin remains under pressure, stuck below $105,000, with limited downside potential as analysts expect support at the psychologically important $100,000 mark. A potential relief rally in Bitcoin could indirectly boost altcoins such as ETH, HYPE, TAO, and QNT. While Bitcoin traded below the 20-day EMA, it needs to clinch above $111,980 for a rally towards $130,000. Similarly, ETH is currently testing the 20-day EMA after unable to maintain a position above $2,738. If the price turns down and breaches the support at $2,462, it could drop to around $2,323. On the other hand, HYPE shows positive sentiment as it finds support at the 20-day EMA, with a potential rally to $40 if it clears $35.73. TAO has the opportunity to complete a bullish formation if it sustains above the 20-day EMA, while QNT is looking to rebound from its past resistance levels if it can break above $120. Overall, a bullish shift in Bitcoin could lead to considerable gains across these major cryptocurrencies.

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