Bitcoin & TOTALES Lose Support Amid Uncertain Cloud Break
Bitcoin and TOTALES have both lost support, but it's not yet clear if they will complete their daily Cloud break.
The Better Traders read for August 13 shows that neither Bitcoin nor TOTALES has yet completed the decisive daily Cloud break described in the source. This means that the current support loss is confirmed, but the next confirmation, a close below the Cloud, is still pending.
Bitcoin closed below short-term support on Wednesday and wicked below its daily Cloud for a second day. The next targets are support steps, with the source expecting bulls to panic once Bitcoin drops below $62k, leading to a potential loss of $57,800 or even $49k.
Ethereum had a weak close, but RSI hasn't yet made a lower local low. Meanwhile, combined stablecoin dominance is still waiting for a close above its Cloud, which the source expects will lead to an Open Long and confirm the final capitulation dump for this bottom year.