TechDev Newsletter - Market Update Issue #96
Shorts in their Target Bands, and the 2020 Echo in the Alts
The move down I have been mapping for months has finally done the one thing I most wanted to see. It has reached into the bands. Bitcoin flushed to $59K on June 5, which is inside the $57K to $63K zone I have been pointing to, and Ethereum flushed to $1505 on June 6, inside the $1400 to $1600 zone. Both have bounced since, with Bitcoin back near $65K and Ethereum near $1700 as I write.
I want to keep the focus tight. The short-term picture first, where the breakdown has played out into the bands and the low looks to be in. Then the engine, because the business cycle is why I trust this as the low and not a pause before something deeper. Then the altcoin setup at the top-down level, the part I have been building toward, where one idea matters above the rest: the ETH over BTC ratio and Bitcoin dominance are both setting up the way they did in 2020, right before the last rotation into alts. I am not going coin by coin yet. The token setups and the forecaster overhaul both belong on a confirmed low, not a bounce, so those wait for next issue. Today is the map.
Today’s topics
Short-Term
Ethereum: The Second-Flag Breakdown, Complete
Bitcoin: The Deeper Retrace, and the Low Likely In
The Engine
The Liquidity Composite and the Spike-Off
The Alt-Market Setup
The ETH/BTC Ratio: The 2020 Analog
Bitcoin Dominance: The Top Repeats
Sectors: The Market Is Not Monolithic
Closing
Sequencing and What Comes Next
