Bitcoin Stalls Below Resistance After Clean Bounce
BTC pierced resistance on yesterday’s close but failed to close above it, signaling potential hesitation. The price nearly tagged the daily TBO Fast line, which would’ve closed the TBO Close Long from last Friday. Until we see a clean breakout, Bitcoin remains in bearish consolidation, oscillating within the Cloud. Encouragingly, the macro trend remains bullish with the TBO Slow line continuing to slope upward, and Sunday’s RSI Reset adds confidence to this bounce. However, volume needs to increase for BTC to decisively clear the Cloud.
Ethereum Outperforms With Strong Recovery and Relative Strength
ETH closed 6% higher and…
