BTC reached new highs but overbought conditions accumulate on timeframes. Longs need unloading, shorts still premature.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 35% of 100%

Timeframe Dominance: 100% of 100%

ETH

Dominant Direction: Long

Dominance Strength: 2% of 100%

Timeframe Dominance: 53% of 100%

STX

Dominant Direction: Short

Dominance Rate: 39% of 100%

Timeframe Dominance: 100% of 100%

SOL

Dominant Direction: Short

Dominance Strength: 40% of 100%

Timeframe Dominance: 100% of 100%

C98

Dominant Direction: Short

Dominance Strength: 20% of 100%

Timeframe Dominance: 75% of 100%

Globally longs persist, driving prices higher. But local and medium-term overheating is noticeable. Due to the dynamic growth, shorts remain unwise to catch corrections. Market still too overheated for fresh longs.

Short dominance direction but minimal timeframe sync. BTC more overbought globally than other cryptos with long potential remaining on alts.

Watching SOL and STX with greatest short dominance. Corrections with downward momentum more likely here than elsewhere.

In summary: Altcoin growth potential persists. BTC very overheated on higher timeframes. Awaiting confirmation as signals remain moderate and market aggressive.