BTC holds firm above $100k and the daily TBO Cloud

Although price action feels stagnant, BTC remains strong bullish as long as it stays above the daily TBO Cloud

Bitcoin (BTC) is trading above a key psychological level and a technical indicator, suggesting that the cryptocurrency remains in a strong bullish trend. However, the lack of significant price action might be a concern for traders looking for quick gains.

BTC is currently holding above $100k, a critical zone that has seen limited activity in the past. This is in contrast to the $103k zone, which acted as strong resistance from December 2024 to January 2025. The prolonged consolidation above $100k is normal after such a massive run and can be viewed as a healthy reset for the market.

On the daily chart, Volume is either matching or slightly exceeding the yellow SMA line, which is acceptable for now. Ideally, we’d want to see a volume surge that causes the SMA line to point upward. However, sideways movement has kept both volume and OBV flat. OBV’s white MA line is still moving up slowly, but larger green candle closes are needed to break this stagnation.

Daily RSI is still holding strong near 70 and hasn’t dipped below 60 since May 5th. Sustained overbought RSI during sideways price action historically leads to a bullish continuation.

Because BTC is chopping rather than pulling back sharply, most top 10–20 ALTs are seeing minor dips. This is reflected in the TOTAL3 4h chart, which has printed two recent TBO Close Longs 🔷—a soft warning that the trend could shift. These symbols are great for preemptively taking profits or adjusting stop losses, but they’re not confirmation of a major reversal. If BTC pushes higher soon, these warnings may not materialize into anything more serious.

Stablecoin Dominance ticked up slightly on the daily, signaling a minor increase in market fear. An RSI Reset also printed recently, but with Stablecoin Dominance remaining below the daily TBO Cloud, the overall trend remains strongly bearish. A single TBO Close Short 🔶 appeared on the 4h chart, which is something to keep an eye on.

As expected, Bitcoin Dominance (BTC.D) experienced a rise of over 1% today, touching the daily TBO Fast line. This move was anticipated following the TBO Close Long 🔷 that appeared on May 9th. Although RSI is recovering after a reset, this rally is likely a short-term bounce. Unless BTC.D breaks out strongly, it should continue its descent toward the bottom of the daily TBO Cloud, paving the way for ALTs to regain some dominance.