Bitcoin's Surprise Pump Fails to Reclaim Lost Support Amid Mixed Markets
Bitcoin's surprise pump of over 2.50% on Monday failed to reclaim lost support, according to KITCO analyst Aaron. Despite a bullish-consolidation Cloud close, BTC did not close above newly lost support, with Aaron concluding that 'support is now resistance.'
The daily RSI made a slightly higher local high, but Aaron is still waiting for RSI below 25 to reset again. OBV remains technically bearish below its white moving-average line, and Monday's volume stayed below June volume.
Ethereum underperformed Bitcoin, pumping about 2% yet remaining bearish pending Cloud loss, with ETH/BTC printing a TBT Bearish Divergence. Dominance shifted toward BTC while broader ALT strength remained limited, with ALTs not outperforming BTC and still needing to drop below the Cloud.
The S&P Futures remains strong bullish but is setting up for a Fast-line retrace, while LINK's overbought pause and SOL's pending Cloud loss are notable among mixed ALT signals. SKY offers a source-explicit short setup, while VVV delivered a shock pump instead of the expected dump and went overbought on RSI.