Bitcoin Technical Outlook
Bitcoin dropped sharply to $98,000, breaching the “line in the sand” at $98,200 and wicking below that level. Failure to reclaim this zone risks a retest of long-term support near $90,500, a level held since 2023. Although an immediate 9% decline would be dire, another 4-hour TBO breakdown on yesterday’s candle underscores the need for a sustained bounce to avert deeper losses.
Ethereum Holds Below Key Resistance
Ethereum underperformed, slipping beneath the $3,435 pivot it has defended all month. As long as ETH trades below the TBO Cloud, the bias remains bearish, a view confirmed by on-balance volume. Until price clears the cloud, further downside…
