BTC Retraces to Key Macro Support
Bitcoin dropped to $109k amid nearly $800M in long liquidations across the market, echoing the sell-off that followed its previous all-time high at $124k. Despite the drop, BTC is testing the long-term support fan from 2023 again—respected multiple times before. The daily TBO Cloud places BTC in bearish consolidation, but the upward curl of the Slow line keeps the macro trend bullish for now. Hourly Stop Loss Hunting alerts suggest extreme volatility, so caution is key.
ETH Stays Above the Cloud, Still Leading the Market
ETH dumped with BTC, but unlike BTC, it remains above the daily TBO Cloud. A Bearish Divergence on the daily and a 4h TBO Close…
