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Bitcoin breaks $116K, but a weekend pullback may be inevitable
Bitcoin smashed through the $116,000 mark and closed above the daily TBO Cloud, confirming bullish momentum with OBV crossing its MA line. On the 4h chart, BTC has printed two TBO Breakouts, and a third could push things even further. Still, a repeat of the July 14th pullback is possible. With next week’s Fed interest rate decision approaching—and markets pricing in a 25bps cut—a brief pullback could emerge from uncertainty. A CME gap forming above Monday’s open would be ideal. Ethereum has finally broken above resistance and is now pushing higher, aligning with previous 4h TBO Close Short signals that ... (full story)
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