$ETHBTC has seen a strong V-shaped reversal over the past couple of weeks, exactly as I anticipated when I began rotating out of Bitcoin and increasing my altcoin exposure to position for outperformance.
That said, we’re now testing a key high-timeframe resistance range that has triggered multiple reversals in the past. I believe this is a good point to be somewhat cautious on the low timeframes until we see a durable breakout.
This caution is reinforced by the bearish divergences forming on ETHUSD’s low-timeframe strength indicators, as well as the fact that ETHUSD is testing its prior ATH.
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$BTC – Important update. It looks like the price briefly deviated above the prior ATH before rejecting and pulling back.
So far, nothing here is overly concerning, but in the coming days it’s critical that we hold the support range aligning with the 4H Bull Market Support Band. A break below this would raise the risk of a deeper pullback and a prolonged consolidation phase.
I’m also tracking a couple of bearish divergences forming on the low timeframes, another reason to stay cautious. With the untapped highs now swept, we’ve lost one of the bullish drivers we had before, which adds to the sho

The balance on exchanges just reached the lowest point since October 2020, when $BTC was at $15,000. 👀

If the "Altseason Index" pulls back into "Bitcoin Season" territories again, you can't imagine how bullish that would be for $BTC and the broader crypto market in the coming weeks and months.

$BTC - All the late-longs that were piling in a couple of days ago are now getting flushed.
This is always why I stress the importance of avoiding leverage and focusing on your spot holdings.
Degens get wrecked before there's any big directional move worth trading.

For $BTC sitting near $120K, Funding Rates are incredibly low right now.

Liquidation Heatmap on $BTC:
Were back to protecting range highs and flushing late-longs, aren't we?

$BTC.D – It’s important to understand how Bitcoin Dominance will shape the broader crypto market over the next couple of weeks. I expect we’ll likely see a rotation away from Bitcoin and into altcoins, fueled by rising risk appetite and growing euphoria.
A key detail here is the breakdown below the Weekly Bull Market Support Band. This is the first time in the entire bull market that Bitcoin Dominance has not only fallen below this band but also retested it as resistance. On high timeframes, that’s not a bullish sign for the broader cycle, it signals extremely high risk appetite, which I belie

*Note: If someone tells you it's 100% legitimate, it's often times not.