Bitcoin’s market hijinx fully retraced as mixed signals demand precision

My August 19 read separates current states from future triggers. Bitcoin pierced resistance without clearing the August 9 pivot and then fully retraced, Ethereum’s bearish pullback thesis remains active without a confirmed ETH/BTC Cloud transition, breadth dominance stays mixed, TradFi is pulling back inside my broader buy-the-dip view, and ALT setups range from confirmed signals to conditional watches.

Bitcoin’s resistance pierce ended in a full retracement after unusual alerts

I saw BTC put in a slightly higher high Tuesday without exceeding the August 9 pivot. The high pierced a resistance line drawn from mid-July through that pivot and also pierced newly tested resistance, but the explosive move fully retraced. A TBT Stop Loss Hunting Alert fired again, including another Coil alert; because Coil alerts are more typical on weekends, this mid-week Coil was unusual. I describe the sequence as market hijinx and extreme manipulation by major players, not as clean bullish conviction.

Ethereum lagged Bitcoin while Volume supported the bearish pullback scenario

ETH followed BTC but not as much as expected and did not reach TBO Resistance. I am still holding my bearish pullback scenario. Volume continues to dry up, and there was zero bullish Volume associated with these pumps—usually an indication that futures liquidations, rather than actual spot-market buyers, are driving the move. ETH/BTC pierced the Cloud during Tuesday’s volatility, hinting at an eventual drop inside it and a transition to bearish consolidation. That transition is expected soon, not confirmed now.