Interesting day yesterday, I was dead wrong on my prediction; BTC found some major buying seemingly out of nowhere and has been hitting its head against 9800 since. Interesting setup here for a Friday, approaching very thin cloud support on the 15 after bouncing off the bottom of it just a couple of hours ago. I'm thinking this time it slips through the 50MA and the cloud and goes for a retest of 9500-9600, setting up a sideways/down weekend where we might bleed down further to 9450ish where the 50MA on the hourly is. Not much to say about the other clouds, but none are very thick, and the 4h is still a pinbar and scary. Would need to go all the way to 9200 for that to be in play though, but I don't know if I see that at this point.
Comment:
Sideways between 9700 and 9900. 9900 is the level to break if we want a shot at 10k. Clouds not in play here, at least for the short term.
Alt ambition has seemed to take a hit, probably from the indecision of bitcoin, along with the fact that a lot of them were just overextended. What happens next is largely up to BTC. There is a chink in the Alt armor right now, as BTC's dominance may have hit bottom for now. Expect another bounce on alts this afternoon, albeit it will be somewhat lackluster as people de-risk and wait to see what BTC's next move is.