Bitcoin and Ethereum Technical Rebound
Bitcoin appears to be reversing its recent downtrend after approaching the lower boundary of the TBO Cloud earlier this week. Five consecutive red daily candles set the stage for a turn back toward the Fast line, supported by an uptick in RSI and a still‐rising OBV moving average. A logical short‐term target is the Friday low at 78,675 on the CME chart, about 1.8% above current levels.
Ethereum shows similar strength: the RSI is poised to confirm a bullish RSI Reset and TBO Support is set to rise from $1,846 to $2,103 if today closes green. These bullish pivot signals suggest a recovery after ETH’s Friday sell‐off, with a CME gap‐fill target at $2,205, nearly 4% above present prices.
Market Structure and Dominance Metrics
Stablecoin dominance failed to close above the daily Ichimoku Cloud at 10.600%, delaying a strong bearish confirmation for crypto. Meanwhile, BTC.D has reclaimed the daily TBO Cloud in “strong bullish” mode, reflecting renewed confidence in Bitcoin’s market share. Conversely, Top 10 altcoin dominance printed a large gap down, underscoring underperformance among leading altcoins.
Other metrics are mixed: OTHERS.D remains above its daily Cloud, TOTALE50.D and TOTALE100.D are rising—latter with an in‐progress TBT bullish divergence—and TOTALES briefly opened below the Cloud but may bounce once more before a deeper decline. On the 4-hour chart, the “Others” market cap is also forming a second TBT bullish divergence.
TradFi and Macro Indicators
The US Dollar Index (DXY) remains just below the 99.516 gap on its daily chart, while USD/JPY has triggered a TBO Open Short above the Cloud—an unfavorable signal for further upside beyond 160. Major US equity futures (S&P, Dow Jones, FANG) printed daily TBT bearish divergences, though the Nasdaq 100 has yet to confirm one. The VIX’s Tuesday TBT bullish divergence hints at rising volatility.
Internationally, the Nikkei fell 1.87% into its daily Cloud, China’s Shanghai Composite confirmed a TBT bearish divergence, and the Hang Seng slipped back below its Cloud in strong bearish mode. These signals may herald a broader pullback in global risk assets, even if markets ultimately resume their up-trends.
Commodity Outlook
WTI crude oil maintains a valid short setup, with scope to retrace to its TBO Fast line. Gold remains in a “strong bearish” phase beneath its Cloud, though a bounce appears imminent. Silver has dipped below its 1.272 Fibonacci extension and is holding for now. Uranium’s recent pullback offers a favorable long entry despite its overall bearish posture.
Altcoin Watchlist and Setups
With the broader crypto bounce underway, individual altcoins present mixed opportunities. XRP is testing TBO Support, while HYPE has broken out on the 4-hour chart amid weakening daily RSI. ZEC approaches overhead resistance, SHIB confirmed a TBO Open Short after overextension, and NEAR nears its TBO Resistance with bearish OBV. ALGO closed a TBO Long at its Fast line—an aggressive short entry—while RENDER and MORPHO show support-based bounce setups.
Meanwhile, ATOM confirmed a second TBT bearish divergence, VET sits at an all-time low for a potential short-term rebound, and JUP printed its second TBO Close Long—an ominous sign. Other highlights include DEXE’s 4-hour breakout, BINANCE Life’s bearish divergence cluster, and short-term oversold entries on FARTCOIN.
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