Bitcoin Price Dynamics
Bitcoin has retraced to the daily TBO Fast line, which is acting as initial support after yesterday’s decline. Although no daily TBO Close Short signal has been triggered, this level provides a favorable re-entry point. On the 4-hour chart, the Wednesday TBO Close Long was closed by an upper wick, but volume, OBV and RSI remain largely unchanged, indicating a period of sideways consolidation.
Ethereum Market Dynamics
Ethereum mirrors Bitcoin’s choppy price action. It has printed two 4-hour TBO Close Longs but has yet to tag its 4-hour Fast line. The absence of significant shifts in volume or momentum suggests that a move to the Fast line will be pivotal in confirming support and potentially catalyzing further upside in the near term.
Crypto Dominance Metrics
Combined stablecoin dominance spiked to the daily Fast line before reversing, consistent with bearish consolidation—further downside is likely. BTC.D remains below the Ichimoku Cloud and is approaching its daily Fast line and a prior support-turned-resistance level, where a rejection would bolster altcoin performance. SOL.D’s uptrend and OTHERS.D’s bullish consolidation—alongside a TBO Open Long on TOTALE50.D and pending Close Short on TOTALE100.D—reinforce this outlook. The hourly TOTALES chart shows three TBT Bullish Divergences over 12 hours, which preceded the recent bounce and support the case for a broader rally. On the daily, a higher local high for TOTALES and a confirmed TBO Open Long on T3ESBTC further highlight potential market rotation into altcoins.
Macro & Traditional Finance Indicators
The U.S. Dollar Index (DXY) 4-hour chart has produced two TBO Breakouts, which historically precede reversals within days, especially given the overbought reading on the daily RSI. Concurrently, the VIX continues to crawl higher but remains below the 22-point warning threshold, indicating that implied volatility has yet to reach a critical inflection point.
Precious Metals Outlook
Gold maintains its strong bullish stance above the daily TBO Cloud, yet on-balance volume peaked at 30.4 million on October 16 without confirming higher highs, suggesting potential OBV resistance. Silver’s TBO indicators and volume remain supportive, but a weakening RSI divergence points to diminishing upside momentum.
Altcoin Highlights
In the broader altcoin sector, SOL is consolidating bullishly, supported by rising dominance but awaiting a clear breakout. ZEC fell over 20% following its dev team departure, triggering a TBO Close Long signal, while XMR is leading privacy-coin gains. PEPE’s drop below its January 4 low risks a further decline toward its Fast line. POL has shown steady resilience, and XTZ sits at immediate TBO resistance—overcoming this could drive it to the daily Cloud’s 0.6187 level. Additionally, AERO’s pullback to its Fast line presents a long-entry opportunity, PIPPIN has closed its recent TBO Close Long, MERL printed a third 4-hour TBT Bullish Divergence, and GLM’s daily doji breakout warrants monitoring for exhaustion.
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