Bitcoin tests resistance as dollar breakout divides markets

Kitco Media
By Aaron Dishner
Published:
Updated:
Kitco Commentaries
Opinions, Ideas and Markets Talk

Featuring views and opinions written by market professionals, not staff journalists.

Bitcoin tests resistance as dollar breakout divides markets teaser image

My October 2, 2026 read separates Bitcoin’s unconfirmed resistance close from the confirmed dollar breakout, while keeping mixed altcoin and equity signals attached to their own charts.

Bitcoin tests resistance without a confirmed close

article image

Bitcoin / TetherUS · 1D · Binance

BTC pushed above the 0.5 Fib level and is now trading above TBO Resistance, but the daily close above that resistance is not confirmed. If BTC closes above it, that is a strong momentum signal that could carry price to the 0.618 Fib level at $93,650. I personally do not expect that outcome, though the chart is strong enough that I will not dismiss it.

Altcoin dominance warnings are real but weak

article image

Crypto Total Market Cap Excluding Top 10 Dominance, % · 1D · CRYPTOCAP

OTHERS.D printed a TBT Bearish Divergence as BTC dominance rose. The warning remains real, but its rising TBO Slow line conflicts with the divergence and makes the pullback signal weak rather than severe. OTHERS.D is market share, not spot price. Separate dollar market-cap charts such as TOTALE50, TOTALE100 and OTHERS remain strong bullish even while dominance charts show short-term rotation pressure.

A second ten-day warning meets a springboard setup

article image

Ratio Total Market Cap Excluding BTC, ETH and Stablecoins to BTC · 1D · CRYPTOCAP

TOTAL3ESBTC printed its second TBT Bearish Divergence in ten days. Its rising Slow line partly offsets the signal, but a second warning in that window should not be ignored. At the same time, the chart is giving a perfect TBO Springboard Bounce setup, leaving short-term pullback risk and a constructive setup on the same chart.

The dollar breakout is confirmed; exhaustion is a theory

article image

U.S. Dollar Index · 1D · TVC

DXY moved above long-term overhead resistance and printed a TBO Breakout, its highest level since April 2025. That breakout is confirmed and the damage has been done. I think it looks more like an exhaustion breakout than continuation, and I am sticking with the theory that a weekly overbought RSI pattern may mark a top, even though that view is speculative and conflicts with how I normally use weekly RSI.

TradFi remains divided rather than collapsing

article image

S&P 500 · 1D · SPCFD

S&P futures remain firm, while the SPX spot chart closed Wednesday’s TBO Close Long and remains macro bullish with the TBO. NDX is strong bullish above the Cloud, but DJI could fall into strong bearish mode and Russell 2000 already remains strong bearish below its Cloud. The evidence is conflicted, not a broad equity crash.

Divergence strength depends on the Slow line and cluster

article image

ETHFI / TetherUS · 1D · Binance

ETHFI printed a TBT Bearish Divergence Cluster. Its Slow line is rising, but the Cluster makes this warning a bigger deal. That is stronger than the ordinary PYTH and RAY divergences whose bullish Slow lines reduce concern, while DOT’s descending Slow line reinforces its separate bearish divergence. These states belong to each asset and should not be flattened into one altcoin signal.

Learn my strategies and the tools I use every day by visiting The Complete Cryptocurrency Investor by Mastering Assets.

Kitco Media

Aaron Dishner

Co-founder and lead instructor at The Better Traders, Inc., an international crypto education company, and owner of the popular crypto bot trading YouTube channel Moonin Papa, Aaron Dishner serves over 25,000 students across 36 countries as a world-leading bot trader and crypto day trading and swing trading expert. Combining his passion for educational excellence, stemming from a professional teaching background, with his remarkable skill set in crypto trading, Aaron’s mission is to make trading safe and accessible so anyone can learn to benefit from the greatest financial revolution of our time.
Mdi Earth Logo
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.