Bitcoin Technical Outlook
Bitcoin confirmed a second TBT Bullish Divergence Cluster yesterday, yet trading volume and on-balance volume (OBV) remain weak. The prevailing scenario anticipates a bull trap rising toward $100,000 before a subsequent decline. Absent stronger volume conviction, bears may reassert control once this resistance zone is tested.
Ethereum Price Behavior
Ethereum closed up 1.22% but failed to close inside the daily TBO Cloud, maintaining a bearish bias. On the ETH/BTC chart, price has re-entered the daily Cloud, signaling bullish consolidation. Immediate resistance lies at 0.03577 and the TBO resistance band at 0.03615, levels unlikely to be tested today without a significant volume surge.
Market Dominance Metrics
Stablecoin dominance remains above its daily TBO Cloud, awaiting a drop below the cloud and the 8.635% support fan. BTC.D shows no notable shifts, while ETH.D has rallied following two TBO Close Short signals on the 4-hour chart and aims for TBO resistance at 12.91%. SOL.D is printing a second daily TBT Bullish Divergence, but OTHERS.D warns of bearish reversal via a recent TBT Bearish Divergence and a TBO Close Long signal. Broader cap indicators TOTALE50.D and TOTALE100.D are declining sharply.
Traditional Financial Markets Correlation
The DXY is tagging the daily TBO Fast line with upper-wick tests. US equities (S&P 500, DJIA, NASDAQ 100) remain above the daily TBO Cloud, set for a strong year-end close despite a second TBT Bearish Divergence Cluster on the S&P. The Nikkei holds in strong bullish mode under overhead resistance, the Shanghai Composite stays above its daily cloud, while the Hang Seng persists in bearish consolidation.
Precious Metals Trends
Gold dipped into its daily TBO Cloud to $4,274, marking the onset of sideways consolidation. Silver is on the verge of a second daily TBT Bearish Divergence, stalling at the 1.272 Fibonacci extension and forming a weekly divergence. Platinum’s rally past $2,500 resembles a blow-off top and is printing a weekly TBT Bearish Divergence Cluster. Copper remains above its daily TBO Cloud but has lost momentum after an exhausted breakout and a historical TBO resistance at 5.78.
Altcoin Year-End Review & New Year Outlook
Low-cap altcoins face year-end selling pressure as investors close positions for tax purposes, while select large-caps such as ETH, BNB, SOL, XMR, and BCH maintain modest gains. Historical patterns suggest a bullish buying surge at the start of the new calendar year, akin to January 2021. Charts like XMR, TON, and XPL may lead this incoming liquidity. A BTC push toward $100,000 could trigger a broad altcoin bull trap before resuming a lower trajectory.
Learn my strategies and the tools I use every day by visiting The Complete Cryptocurrency Investor by Mastering Assets.
