Bitcoin’s Monday upper-wick pump gave traders a clean retest of the broken bear-flag support level, and the reaction was exactly what bears wanted to see: rejection. The move confirmed that the prior support area is still acting as resistance, while the daily TBO Fast line also marked the rejection zone.
The broader message from today’s market read is that crypto risk remains fragile. Bitcoin and Ethereum are still showing strong-bearish characteristics, dominance charts continue to warn about downside pressure for ALTs, and macro volatility is building around the U.S. dollar and USDJPY.
Bitcoin confirms the bear-flag rejection
Bitcoin’s bear-flag support was tested…
