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Current Technical Analysis: Medium-Term Market Pulse
The broader crypto market is signaling bullish momentum across major assets. Bitcoin maintains the strongest conviction with a perfect 1.0 score and clear upside bias, while Ethereum follows closely at 0.81. The total market cap indicator scores 0.8, suggesting healthy overall momentum despite slight pullback signals.
Sol demonstrates positive directional bias at 0.58, though with lower confidence compared to BTC and ETH. The key ratio plays reveal interesting dynamics: ETH/BTC trades long at 0.67, SOL/BTC at 0.66, yet SOL/ETH shows weakness at just 0.05, indicating relative underperformance in the altcoin space.
The broader altcoin sector flashes a warning sign with a short bias and -0.12 score, suggesting traders should exercise caution beyond the mega-cap names. This divergence hints at selective strength rather than broad-based rallies.