OIL Dumped and TradFi Bounced With BTC! (too early to celebrate?)

Описание: BTC is bouncing after the adverse reaction of TradFi to Oil's sharp sell-off, which looks to me to be a higher low that only validates my bear flag thesis for BTC. The next move will likely be a higher high for BTC maybe as high as $75k, but note immediate resistance around $72k.

Another thing to consider is combined stablecoin dominance is still shaky and could drop further into the daily TBO Cloud yet again- but the inverse correlation and relationship between BTC and stablecoin dominance can't be ignored. While BTC's daily RSI is heading closer to overbought levels which will likely result in a pivot high, combined stablecoin dominance is heading toward oversold values below 25, which will be a perfect pivot low opportunity.

The DXY has calmed down since last week, but is still likely to push up to TBO Resistance at 100.261. The VIX cooled off by the end of the day as did UKOIL, which dropped from nearly $120 down to $88. And while the S&P, Nasdaq, and Dow Jones all closed up on the day, it's important to note that ALL of these charts are still in bearish consolidation mode, which means that they could still fall lower.

ZRO has valid TBO Breakouts still, but I'm skeptical of it holding above TBO Resistance at 2.165.

TAO printed its first TBO Close Short since January, which previously led to a short term bounce that ultimately failed and made a lower low. I don't see anything different this time around.

Many charts remain bearish: SOL, XRP, ADA, HYPE, CC, M, XTZ and STABLE. Even though some will be green today, they're still in danger of the slightest drop in BTC's price action.

Keep a close eye on BNB, MORPHO, ETHFI, CHZ, 2Z and H today and tomorrow for irregular price action and early signs of weakness.

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*Disclaimer: I am not a financial advisor, and none of the information presented in this video should be considered financial advice. All content shared is for educational purposes only. Please conduct your own research and consult with a professional before making any financial decisions.