Bitcoin is following my expectations after hitting $116k last week, and having a slight pullback over the weekend, which I expect to continue into this week. All in all things are still looking really good for the crypto market- but a deeper surprise pullback would set back ALTs further than I want to see.
ETH had a great push up to TBO Resistance on Saturday but ended up closing red that day and Sunday as well. With no new CME Gaps to worry about for BTC, ETH or SOL, we should continue to see charts chop sideways until Wednesday's announcement.
Dominance is still in favor of SOL, with BTC.D continuing to drop, and combined stablecoin dominance still looking bearish.
Lots of charts are printing short term bearish signals, but there are still some explosive bullish signals with TBO Breakouts that are still valid over the weekend for PEPE, KCS and FLOKI.
XRP, BNB, SOL, DOGE, HYPE, MNT and POL all printed TBT Bearish Divergences over this past weekend's minor pullback, which doesn't surprise me. The important thing for these charts is to check the direction and strength of the TBO Slow line, which will either validate or invalidate these early bearish reversal signals.
ADA and FARTCOIN both printed TBO Close Longs on the 4h over the weekend, too, but all in all these charts still look bullish to me.
After this weekend's pullback, many charts have returned to their TBO Fast Lines, which is the expected behavior after printing TBO Close Shorts last week: FET, TRUMP, STX, HEX and ZORA.
XDC printed a TBT Bullish Divergence on the daily this past weekend, which is a great early bullish reversal signal.
Many charts continue to struggle at long term overhead resistance lines like SUI, PENGU, SEI, SPX6900, PUMP, WIF, S and ACT. But after this minor pullback, I expect these to fly once BTC starts pumping again!
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