Aaron Dishner|4月 07, 2026 03:51
Bitcoin pushed as high as $70,350 on Monday, but the broader picture still leans bearish. BTC remains conflicted short term with price inside of the cloud, yet the Slow line, On Balance Volume, weak volume, and fresh TBT divergence warnings continue to point to lower lows ahead. Even with a bullish consolidation signal on the surface, the higher timeframe trend still has the final say.
ETH is showing a similar setup. Price has held inside of the cloud, but RSI is rolling over, OBV is weakening, and ETHBTC is nearing a critical resistance area that could decide whether alts get a temporary relative strength bounce or the whole market rolls over again. Stablecoin dominance and TOTALES still look dangerous, and TOTAL3ESBTC is sitting at a key level where alts may briefly outperform BTC even if the broader market stays weak.
TradFi is not giving much relief either. DXY is still firm, USDJPY is pressing dangerous levels near 160, SPX and ES remain shaky despite pushing into the cloud, VIX is stuck in an extended uncertainty zone, and oil keeps pressing higher. Until those pressures ease, I still think crypto faces another leg of downside risk before a cleaner bullish structure can form.
In today’s picks, the main theme was caution after explosive moves. M, ALGO, RENDER, 2Z, MON, and similar charts are seeing late breakout signals after already running hard, which makes them vulnerable to pullbacks. On the other side, some names remain clearly weak and are still behaving like charts that want lower levels before offering stronger long-term accumulation opportunities.(Aaron Dishner)
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