This is a technical analysis of the cryptocurrency market. The analyst believes that Bitcoin has bounced from its area of support around 116000 and is targeting the liquidity area near 120000. On the weekly timeframe Bitcoin's Supertrend indicator remains bullish, but bearish divergence is forming. Bitcoin dominance is holding above support and is bullish. ETH is flashing a warning signal, so the analyst holds a short position. Chainlink is holding on to support, and will test that support soon. The analyst talks about the Etherium short position for profit given the bearish market. Chainlink, and XRP charts all show similar patterns, so the analyst recommends caution in the altcoin market.