Bitcoin Technical Analysis
Bitcoin’s close yesterday confirmed a sharp rejection at its Ichimoku TBO Resistance, sliding from the $125 000 projection toward $94 000. This pattern mirrors March 2022’s pivot high, yet BTC remains within the daily Cloud in “bullish consolidation,” supported by rising on-balance volume and throughput above the moving average. Two four-hour TBT Bearish Divergences—one still unfolding—and a recently triggered TBT Stop-Loss Hunting Alert warrant caution.
The CME futures gap was filled on the lower wick, easing one downside risk. Near-term upside remains pegged to the weekly TBO Fast line at $98 000–$100 000, but today’s close will be critical to determine whether the pivot high holds or a deeper correction ensues.
Ethereum Consolidation and Altcoin Signal
Ethereum continues to exhibit bullish consolidation, with its TBO Resistance intact and no four-hour TBT Bearish Divergences detected. ETH/BTC nearly tested overhead resistance yesterday; a decisive break above that level would signal a broader recovery for altcoins.
Absent a bearish divergence, ETH’s daily Cloud support and volume profile suggest further sideways to modestly higher movement, provided BTC stabilizes above weekly support zones.
Market Dominance and Capital Flows
Combined stablecoin dominance on the daily chart is tracking a rising TBO Support from roughly 5.5 percent toward 8.25 percent, while its RSI bottomed at 14.96. A green daily close would produce an RSI Reset—often a bullish inflection. Conversely, Bitcoin dominance (BTC.D) slipped below its daily Cloud and is headed for 58.49 percent, with an oversold RSI under 25 hinting at a similar reset.
If both dominance metrics reverse sharply higher, altcoins may undergo a significant retracement. Other cap segments—OTHERS.D, TOTALES.D, TOTALE50 and TOTALE100—are printing mixed TBO signals, underscoring a potential capital rotation back into Bitcoin and stablecoins before resuming broader market advances.
Traditional Finance and Gold Overview
In equities, the S&P 500 recorded a marginal new all-time high, while the Dow Jones Industrial Average extended its advance. The VIX remains subdued. Japan’s Nikkei cleared its 1.618 Fibonacci extension at 52 290 but stalled shy of its November peak, with daily RSI near 79.6. China’s Shanghai Composite confirmed a breakout, though its RSI is deeply overbought at 91.2.
Gold maintains its TBO Springboard Bounce, consolidating gains amid modest risk-off flows. Key levels around $1 950–$1 975 remain in focus for the next directional move.
Altcoin Landscape and Outlook
XRP closed with a pronounced doji and rising volume, suggesting a short-term tug-of-war ahead of a potential pullback. SOL and several other altcoins printed four-hour TBT Bearish Divergences near historical resistance, indicating possible pivot highs. Despite this, a premature push to short may be ill-timed—many charts could see one more leg higher before a deeper correction.
Key short-target candidates include XRP, SUI, SHIB, WLF, IPE, PER, ENDER, BONK, PENGU, VIRTUAL, STX, XTZ, JASMY, FARTCOIN, CHZ, WIF, PIP, PING, LMFLO, KIRA, RAY, ZBCN. Monitor these setups, but await confirmation of a bearish reversal after BTC tests the weekly TBO Fast line near $98 000 and dominance metrics complete their RSI Resets.
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