Analyst MooninPapa warns May and June could turn much redder as BTC dominance keeps climbing and Ethereum stalls below TBO resistance near $2,376. BTC closed green on the day. That should read as confidence. It does not. According to MooninPapa on X, Bitcoin failed to print a higher local high above Tuesday’s move. The structure still looks like a pivot high wanting to roll over. The fast line sits around $71,500. That remains the first real test. If weakness keeps building from here, MooninPapa pointed to downside zones at $65K, 60 thousand dollars, and potentially lower still. April Bounced. May and June Are a Different Story On the weekly chart, BTC is printing a TBT bullish divergence. But those signals tend to be early. RSI still looks weak enough, MooninPapa said, that more downside comes before any real recovery takes shape. The working view stays unchanged. April has been a strong relief rally. That part is real. But as MooninPapa wrote on X, this is not the time to confuse a bounce with a full trend reversal, with May and June still looking likely to turn much redder. The BTC dominance picture keeps reinforcing that read. Ethereum is telling a similar story. Price is struggling below TBO resistance near $2,376 and looks vulnerable to a pullback toward its own fast line. Nothing in the ETH structure says reversal yet. The Inter-Market Picture Argues for Patience ETH/BTC is stalling at resistance. BTC dominance keeps pushing higher. Stablecoin dominance looks ready for a bullish bounce. When stablecoin dominance rises, it usually means more pressure across crypto. TOTALES is still in bullish consolidation inside the cloud after confirming an open long. But the broader structure remains macro bearish. MooninPapa said on X he is watching for a pullback before deciding whether support can actually hold. The altcoin underperformance story has been building for weeks. This setup only adds more weight to it. Watchlist Signals Still Need Confirmation HYPE still looks solid but likely needs a reset back to the fast line first. DEXE had a huge move into resistance and looks extended from here. LDO is technically improving. INJ showed a strong move but not the cleanest continuation setup. MooninPapa is watching PUMP, FIL, VIRTUAL, AAVE, and PENGU closely. Repeated TBO close shorts on those charts are building bullish reversal pressure. But if they do not break above nearby suppression levels by Friday, that pressure likely flips into another dump. The structure is not broken. It is just not clean enough to trade aggressively. Caution, not confidence, is the read right now. Disclaimer: This article is based on technical analysis from the cited source. It is intended for informational purposes only and does not constitute financial or investment advice. Always conduct your own research. The post BTC Dominance Climbs While Ethereum Bleeds Below Key Resistance appeared first on Live Bitcoin News.

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