Bitcoin exploded 7% through overhead resistance and above the cloud, but I’m not treating one liquidation-driven candle as proof that the bottom is in. Treasury debt buybacks and a historic short squeeze drove the move, so I’m watching the 69,200 resistance cluster and the 72,204 continuation target while allowing for a pullback first. Ethereum surged 17% with much stronger spot volume, but its breakouts printed on unusually large candles and several Fibonacci levels still sit overhead. I’m tracking Ethereum volume, on-balance volume, stablecoin dominance, and Bitcoin dominance to see whether capital keeps rotating into ETH and the majors or whether this was a one-day liquidity shock. DXY broke lower while equities lagged the crypto reaction, gold and silver pushed into resistance, and low-cap dominance still showed limited conviction. I need sustained volume, support holds, and follow-through beyond the news catalyst before changing my broader bottom-year thesis or assuming this pump is durable. CHAPTER MARKERS 00:00 Bitcoin Breakout Tests Whether the Pump Can Hold 02:20 Bitcoin Treasury Buyback News Raises Liquidity Risk 04:53 Historic Short Liquidations Drive BTC and ETH 07:23 Bitcoin Pump Raises Timing Risk While Bottom Risk Remains 10:52 Fibonacci Clusters Mark Bitcoin Resistance 15:03 News-Driven Momentum Raises Sustainability Risk 17:08 Bitcoin Spot Volume Must Confirm the Price Move 19:46 Bitcoin Volume Trails Capitulation Days and Weakens Conviction 22:07 Ethereum’s 17% Rally Raises Risk-Control Questions 26:23 Ethereum Volume Improves Into Fibonacci Resistance 28:49 Stablecoin Dominance Breaks the Daily Cloud 31:18 Bitcoin Dominance Rotation Signals Ethereum Demand 33:33 Low-Cap Dominance Signals Continued Major-Coin Preference 35:35 DXY Breaks Lower While Equities Lag 37:57 Gold and Silver Push Into Resistance(Aaron Dishner)