Warning Signs Linger as Bitcoin Resists Resistance, US Stocks Rise on Improved PMI

Bitcoin and Ethereum are showing warning signs despite recent price movements. The cryptocurrency structure remains conditional, and analysts favor another oscillation toward lower support unless BTC clears short-term resistance above $64,000.

After a wick to $62,300 on Monday, Bitcoin recovered into its daily Cloud but still faces resistance. A close above this level would be required for the next move upward. Meanwhile, Ethereum printed a TBT Bearish Divergence on Friday and wicked twice into short-term support, sparking bearish warnings.

The US stock market outlook has improved significantly with a sharp rise in PMI to 55.6, its highest reading since June 2022. This change does not guarantee an immediate market top or imply that every market will rise, but it represents a material improvement for US equities.