Video: Bitcoin Breakout or Wipe Out?
Bitcoin has failed to clear the final two resistance levels before $68,000, and the daily momentum picture now carries a bearish warning. At the same time, the four-hour Breakouts remain valid, stablecoin and Bitcoin dominance charts require careful interpretation, and the broader board is producing a mix of tactical opportunities and danger signals rather than one simple market-wide trade.
Bitcoin fails below $68,000 while the four-hour case remains alive
Bitcoin chart below the final resistance levels before $68,000
BTC failed to push through the final two resistance levels leading up to $68,000. The source expects another pullback toward the Fast line, consistent with the four most recent retreats, and Thursday’s close confirmed a bearish RSI Reset. That bearish daily warning does not erase the still-valid four-hour TBO Breakouts, which the source says continue to look constructive.
Ethereum approaches a potential short entry, but timing still matters
Ethereum struggling at resistance
ETH is struggling with TBO Resistance in a pattern compared with April and May. The setup is moving closer to what the source considers an optimal short entry, but the caveat is explicit: it remains too early to build a significant ETH short position. Confirmation and entry quality matter more than anticipating the turn.
Dominance charts warn against treating market share as spot price
Bitcoin dominance Open Long signal
Combined stablecoin dominance confirmed an Open Short, yet the source is still waiting for a final risk-asset rally that pushes the dominance chart below its Cloud and takes RSI oversold before exiting longs and broadly flipping short. BTC.D also confirmed an Open Long, although it was described as late. BTC.D is Bitcoin’s share of the crypto market, not BTC spot price; it can rise while BTC falls. ETH.D is overbought above its Cloud, SOL.D remains disappointing, and OTHERS.D is extremely oversold. The source cautions that the June 2018 analogue did not resolve like the March bounce.
DXY turns down toward support while equities remain subdued
DXY second bearish divergence Cluster
The DXY confirmed a second bearish-divergence Cluster, a reversal warning that supports a pullback toward 99.311 or the bottom of its daily Cloud. A weaker dollar could help foreign exchange pairs, stocks, and crypto, but the source says the outcome still needs to be observed. EURUSD is working on a bullish-divergence Cluster. S&P futures look weak and remain in bearish consolidation, even as the major stock indices continue to hold. NVDA confirmed an Open Long, while TSLA still carries a deeper downside target near 242.
Oil is strongly bullish while gold’s bounce is not a recovery
Gold oversold-bounce target near the weekly Fast line
WTI has moved above its Cloud into strong bullish mode, invalidating the prior short setup, although overbought RSI could eventually create another short opportunity. Gold closed inside its Cloud for the first time since May 5 and may bounce toward the weekly Fast line around $4,357. The source is clear that this would be an oversold bounce, not a bullish recovery. Silver and platinum carry the same caveat, while copper is back in strong bullish mode and uranium nearly reached its Fast line on Wednesday’s bounce.
ALT setups favor selective shorts and strict risk control
HYPE near the 1.0 Fibonacci level with an Open Short developing
LINK is a short candidate after failing at the top of its Cloud, while HYPE closed just below the 1.0 Fibonacci retracement and is working on an Open Short. ONDO is moving into a short position, POL flipped quickly from Open Long to Open Short, and JUP confirmed an Open Short Wednesday. ETHFI is likely to reject near the 0.382 level, while LDO still needs pullback confirmation before a short. On the risk side, ZEC’s possible Springboard Bounce is described as risky, LTC is working on an Open Long below resistance, WLFI threatens 0.0512 support, and MORPHO’s roughly 13% flash crash plus Close Long is a warning to avoid buying the dip. PUMP may only be starting to dump, while DEXE continues to move lower.
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