Bitcoin and Ethereum Market Structure
Bitcoin extended its downtrend with a lower low at $65,118, trading on below-average volume and a weak RSI, while OBV and the TBO Cloud indicate continued bearish momentum. A bounce near $63,000 is anticipated before the next bear flag setup can be confirmed.
Ethereum remains under strong bearish pressure, particularly on the weekly timeframe. Key support levels at $1,537 (weekly TBO Cloud), $1,385, $1,073 and $881 are in focus, with the latter deemed less likely to be reached. The ETH/BTC pair is forming a small bear flag on the daily chart, while the weekly TBO Open Short reinforces a bearish outlook.
Crypto Market Dominance and Macro Trends
Combined stablecoin dominance continues its strong upward trend, though daily RSI nearing 72 suggests potential for a pullback that could offer relief for risk assets. Bitcoin dominance (BTC.D) slipped below mid-term support but shows a bullish RSI reversal; a move above 50% would signal renewed strength.
Altcoin dominance (OTHERS.D) closed at 7.53% with a bearish divergence between price and RSI. Total market cap in mid-cap (TOTALE50.D) and small-cap (TOTALE100.D) segments remains in range-bound but bearish mode under the weekly TBO Cloud, reinforcing a macro downtrend. The TOTAL3ESBTC ratio printed a bullish divergence at the daily TBO Fast line before rejecting, underscoring the prevailing bearish macrotrend.
Traditional Finance Markets Overview
The US Dollar Index (DXY) remains below its daily TBO Cloud in a strong bearish configuration, with the slow line beginning to slope downward. USD/JPY is rebounding from support, but broader dollar weakness persists. The S&P 500 closed down 1.57%, confirming a TBO Close Long and trading inside the daily cloud in bearish consolidation. Both daily and weekly RSI readings are trending lower.
The Dow Jones Industrial Average fell 1.34%, printing a weekly bearish divergence, while the Nasdaq 100 sits within its weekly TBO Cloud with declining OBV and RSI. The FANG index remains under pressure following last week’s bearish breakdown cluster. NVDA trades sideways near a constricted cloud, and VIX volatility spikes above 20 reflect underlying market stress.
Commodities and Precious Metals
Crude oil (UKOIL) printed a TBT bearish divergence, suggesting a potential pivot high. Gold retreated 3.19% after testing the 0.618 Fibonacci retracement, though it may resume its ascent if equities falter; a long-term target of $6,500 remains intact. Silver’s fourth daily TBO Close Long signals a deep bearish reversal despite its bounce from the 1.272 extension.
Platinum remains in bearish consolidation with declining volume, while copper confirmed another TBO Close Long on the daily chart. Uranium continues to struggle around its daily TBO Cloud, indicating persistent downside risk.
Altcoin Highlights and Trading Opportunities
XRP is testing support at 1.3728 with bearish momentum across OBV and volume. BCH trades in a tight range, poised to underperform should Bitcoin resume its decline. ZEC shows stalled price action and falling volume, suggesting a breakdown risk. HBAR offered a short entry at its daily TBO Fast line, aligning with the broader bearish trend.
TON printed an early TBT bullish divergence but remains constrained by the macro downtrend. ASTER stands out as a bullish outlier, sustaining an uptrend despite overbought RSI and potential exhaustion breakouts. RIVER’s 40% jump to the 0.382 Fibonacci level aligns with its daily TBO Fast line, likely marking a short-term peak. PIPPIN may correct toward its daily TBO Fast line after an RSI-driven exhaustion, while MON exhibits bullish momentum above key Fibonacci resistance.
Learn my strategies and the tools I use every day by visiting The Complete Cryptocurrency Investor by Mastering Assets.
