Bitcoin is testing daily support as altcoin pullback warnings broaden. I have sold more altcoins, while dip-buy opportunities remain in focus.
Bitcoin returns to daily support
Bitcoin has tagged its daily TBO Fast line for the first time since September 18. I see this as a buy-the-dip opportunity, but the warning signals still need respect. A daily TBT Bearish Divergence is in progress, while a TBO Close Long has already confirmed on the four-hour chart. The daily signal is forming; the four-hour signal is confirmed. A test of support is not a guaranteed bounce.
Ethereum retains stronger underlying momentum
ETH is down around 3%, with a daily bearish divergence in progress. Its Slow line and the moving average on On-Balance Volume remain much more bullish than BTC's. That relative strength supports my view of the pullback as a dip-buying opportunity, rather than a reason to treat every red candle the same way. The reversal warning is still forming, not a confirmed daily signal.
Stablecoin dominance raises an unconfirmed weekly warning
Combined stablecoin dominance has tagged its daily Fast line and is forming a daily TBT Bullish Divergence. The weekly chart shown here is also working on a bullish RSI reset, but that reset has not confirmed. A move toward the weekly Fast line at 10.25% dominance could accompany a deeper crypto pullback. That figure is a dominance reading, not a Bitcoin price or a projected percentage loss.
Altcoin warnings have prompted another reduction
OTHERS.D remains technically strong bullish and its Slow line is still macro bullish. Even so, a second divergence closed Tuesday, and I have sold more of my altcoins to protect the portfolio and free up funds if prices fall further. TOTALE100.D confirmed a bearish divergence Tuesday. TOTALES.D is forming one today, while TOTALE50.D remains relatively unaffected so far. On the separate market-cap charts, TOTALES, TOTALE50, TOTALE100 and OTHERS are all working on bearish divergences. These are not all confirmed signals. Dominance measures market share, not spot price or dollar market cap.
Dollar strength coexists with new stock-market highs
DXY remains very strong bullish above its daily TBO Cloud. EURUSD still looks very strong bearish despite Tuesday's small bullish RSI reset, while USDJPY remains in bullish consolidation and looks likely to push higher. SPX and NDX made new all-time highs Tuesday, even though S&P futures closed just below TBO Resistance. Oil futures respected short-term support; I am still hoping it breaks, which should bring some relief to gold and precious metals. Gold remains strong bearish but holds above newly established support. Silver and platinum are strong bearish, while uranium has finally delivered its bullish bounce.
The Slow line separates stronger dip-buy candidates
Many altcoins are returning to their Fast lines. The direction and angle of the Slow line matter: an upward slope gives more confidence in buying a dip, while a flat or declining line calls for greater caution. BNB has a strongly ascending Slow line and is testing its Fast line; my watch is for another TBO Springboard bounce toward 799 resistance, not a claim that the bounce has already happened. DOT, by contrast, is developing a bearish-divergence cluster with a strongly descending Slow line. ADA has printed a third sequential breakout at the top of a bear-flag channel, but that boundary remains clear resistance. A push above it is possible, not confirmed. The broad pullback warning matters, but this is also the dip-buying moment we have been preparing for.
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