Crypto pullback reprices risk as CPI and Strait headlines converge

The Better Traders read for August 11 begins with a Monday crypto pullback after Iran closed the Strait of Hormuz. Bitcoin's early 4h bearish-divergence warning played out, Ethereum confirmed a drop below support, and broad ALT structure remains fragile. At the same time, CPI leaves the Dollar Index at a two-path decision, US equities remain structurally strong, and oil and metals are repricing geopolitical risk.

Bitcoin drops 1.44% as its daily trend starts leaning bearish again

BTC closed Monday down -1.44% after Iran decided to close the Strait of Hormuz. The earlier TBT Bearish Divergence warnings on the 4h were described as accurate. Daily RSI fell to 44.14, but the source explicitly says that is not low enough to be concerned or excited. The more important change is the daily Slow line beginning to curl downward, indicating that the macro trend is leaning more bearish. BTC may still take time to follow that trend; the thesis is not an immediate breakdown call.

Ethereum confirms a support loss, while resistance confirmation needs a retest

ETH closed nearly -2% and confirmed a drop below short-term support, the reaction the source had been waiting for. That support loss is already confirmed. A different confirmation remains conditional: if ETH returns to the lost level, tests it and is rejected, the line should be confirmed as resistance. RSI and OBV remain bearish without major changes. ETH/BTC also printed its second close inside the Cloud in about a week, supporting an expected deeper Cloud close by next week, while bearish divergence clusters on ETH.D and ETH/BTC underpin the source's thesis that ETH should drop much harder with time.