Bitcoin Technical Outlook Remains Bearish Despite Brief Gain

Bitcoin opened Thursday with a gain of nearly 1%, pushing above short-term resistance, but analysts at Better Traders remain focused on support levels and anticipate further downside.

The modest bounce does not alter the prevailing technical outlook, with support steps expected to be tested sequentially. Bitcoin closed slightly higher above the Fast line, described as bullish consolidation.

Ethereum is developing a bearish divergence signal and continues to face resistance at its TBO level. The ETH/BTC pair remains strongly bullish above its daily Cloud, though a falling RSI and an OBV crossing below the white moving average are flagged as bearish reversal warnings.