Bitcoin Price Action and Technical Indicators
Bitcoin tested short-term support near $106,000 before capitulating yesterday with elevated volume, dipping as low as $98,000. The daily RSI plunged to 21.89, signaling extreme oversold conditions and the possibility of an RSI reset should BTC close today in green. On the 4-hour chart, the recent TBO Breakdown Cluster accurately anticipated this decline, while a weekly TBO Close Long is forming—echoing the bottoms of September 2024 and April 2025—though late-stage bull market timing warrants caution.
Ethereum and Stablecoin Dominance Dynamics
Ethereum’s weekly chart is also in the process of printing a TBO Close Long, but the…
