$ETH moved almost exactly as it should have after meeting our target at $4,811.71 which acts as a huge & significant technical level.
Prices treated this as a resistance, which is reasonable, and since then, they have set up in another Hidden Bull Divergence formation which is pointing towards another test of that level.
This not only points toward a test of it, but also to a break above it which would then bring in play the target at $8,557.68!
$BTC just did something it’s only done a handful of times in history.
The 2-week RSI has dipped into a zone seen in 2011, 2015, 2018, 2020, & 2022, moments tied to extreme fear and major inflection points.
Here’s the nuance: this doesn’t mean “cycle bottom,” but it does mean emotions are stretched and crowd sentiment is loud. Historically, that’s when long-term opportunity starts forming.
Think less about the next week… and more about the next 5–10 years.
$ETH - Rejected at the Supertrend, and now looks like it wants to continue breaking down further. Went from looking good for a few weeks to undoing all the progress.