CryptosBatman

For the past 5 months straight, Bitcoin has been underperforming against gold, posting negative relative performance each month while geopolitical tensions continued pushing gold higher.
However, this month marks the first reversal of that trend, BTC is up +10% while gold is down -4%, a notable shift in relative performance.
Could this be an early sign that flows are rotating back into risk assets?

$HYPE is showing notable strength relative to the broader altcoin market.
Price recently broke out of a double bottom pattern, confirming a bullish reversal.
From here, it's a matter of waiting for a retracement to form a clean entry zone.

A quick look at Ethereum.
$ETH is currently facing its bearish upper trendline, this level has held as resistance multiple times before, so a local top here is likely.
Hope I'm wrong.

Major AI and tech-related companies could be in for a short-term correction.
Using $AAPL as a proxy, sentiment is being weighed down by ongoing geopolitical tensions, which have historically been unfavorable for risk assets.
Technically, price is also forming a similar correctional structure to what we saw in early 2025. Both factors pointing in the same direction for now.
But, consider this as a buying opportunity for prime companies that have recently led the equity market rally.

Ethereum could be an interesting bet soon.
$ETH has been closely mirroring its Q1 2025 price structure, and so far everything has been tracking.
If that continues, there's a good chance one more leg down is all that's left before the next rally follows through.

A lot of altcoins appear to be following $HYPE's lead as it continues to rally.
Here's a random setup I found on $NEAR, a cup and handle reversal pattern forming on the chart.
That said, the best approach is to wait for a clear breakout, a retest of the level, and only then consider an entry.

Technically, the dollar is looking bullish.
It might seem counter-intuitive as the dollar and oil typically move inversely, but the driver here is geopolitics, not a demand or supply imbalance.
That changes the dynamic. Investors are treating the dollar as a safe haven regardless, even with the US involved in the conflict.
On top of that, a potential Hormuz closure hits Asian countries the hardest.
Russia and the US are far less exposed, which adds another layer to why capital is flowing into the dollar here.

$BNB is holding up relatively well.
Price hasn't made a significant move yet, but it's holding above a key confluence, a bullish FVG and the 0.618 Fibonacci level.
As long as that support holds, a rally remains on the table.

Here's where Bitcoin stands right now.
Price is moving within a bearish channel, and the key challenge is a breakout above it, only then does the structure flip back to bullish.
Until that happens, the bias remains bearish for me.