BTC held above the first resistance fan yesterday, despite closing red on the day. And even with a confirmed rate cut of 25 basis points from the Fed's meeting results yesterday, of course crypto dumped on the news. While it's possible BTC might drop to $86k in the short term, I'm still expecting another push up higher that could lead us to $100k again- just before a massive bull trap reversal to lower lows. ETH had a decent day yesterday, and dominance is clearly still favoring ETH.D over everything else right now. While combined stablecoin dominance pushed up and out of its daily TBO Cloud yesterday, I still expect it to fall back inside of it and go lower- which will give way for ALTs to push up much higher in a bull trap relief rally. LINK, PENGU and AAVE had TBO Breakouts from earlier this week, but all three of them have just been invalidated by TBO Close Longs on the 4h time frame. However, MNT and OKB still have valid TBO Breakouts, and in fact, MNT is starting to look really good on both the 4h and the daily time frame. WIF "closed" its TBO Close Short on yesterday's pullback, giving us our entry opportunity on the drop. DOGE, ADA, INJ, XLM and SEI still have valid TBT Bullish Divergences, but we can't forget that the TBO Slow line (which shows us the macro trend) always wins, so we need to ultimately wait for a TBO Close Short on the daily before we get too excited. BCH and FARTCOIN both printed new TBO Close Longs on the 4h, which are bearish reversal warning signals. BCH had also been struggling with daily TBO Resistance just under $600, so I'm not entirely surprised it's looking weaker. BNB and DASH are still worth watching and keeping an eye on today too.

Ethereum continues to lead BTC and the crypto market right now, which is clearly evident on ETH/BTC's daily chart as well as ETH.D (Ethereum dominance). This is extremely positive news for ALTs since ETH typically leads ALT rallies. The missing "ingredients" we need to see next are combined stablecoin dominance AND Bitcoin dominance (BTC.D) fall TOGETHER. When that happens, ALTs will rally much higher and harder than people expect. MNT, BDX and FARTCOIN still have valid TBO Breakouts on their 4h charts, which mean that we should see more explosive moves to the upside for these three. ONDO and CRV have new TBO Close Shorts on the 4h timeframe, which are bullish reversal warnings from the Trending Breakout (TBO) indicator. We have more TBT Bullish Divergences printed on yesterday's daily close, which are very early bullish reversal signals. The funny thing about this recent batch is that many of these charts are meme coins: SHIB, PEPE, PUNGU, PUMP, FLOKI and WIF. Even though I do not expect the meme narrative to make a huge comeback, it's still possible to see one of these meme coins lead the pack. LINK is in process of printing a fourth TBO Close Long on the 4h chart, which is an extremely bearish reversal warning sign for an upcoming pullback. BCH, ZEC, ENA and DASH all need to be watched closely this week.

Ethereum continues to lead BTC and the crypto market right now, which is clearly evident on ETH/BTC's daily chart as well as ETH.D (Ethereum dominance). This is extremely positive news for ALTs since ETH typically leads ALT rallies. The missing "ingredients" we need to see next are combined stablecoin dominance AND Bitcoin dominance (BTC.D) fall TOGETHER. When that happens, ALTs will rally much higher and harder than people expect. MNT, BDX and FARTCOIN still have valid TBO Breakouts on their 4h charts, which mean that we should see more explosive moves to the upside for these three. ONDO and CRV have new TBO Close Shorts on the 4h timeframe, which are bullish reversal warnings from the Trending Breakout (TBO) indicator. We have more TBT Bullish Divergences printed on yesterday's daily close, which are very early bullish reversal signals. The funny thing about this recent batch is that many of these charts are meme coins: SHIB, PEPE, PUNGU, PUMP, FLOKI and WIF. Even though I do not expect the meme narrative to make a huge comeback, it's still possible to see one of these meme coins lead the pack. LINK is in process of printing a fourth TBO Close Long on the 4h chart, which is an extremely bearish reversal warning sign for an upcoming pullback. BCH, ZEC, ENA and DASH all need to be watched closely this week.