🚨 BITCOIN HISTORY IS REPEATING AGAIN.
The 2024 fractal called the sweep toward the range lows almost perfectly.
Now 2026 has followed the same path, with $BTC sweeping ~$75,000 before bouncing back above $81,000.
In 2024, this is where the real rally began.
We may just be at the start of a MAJOR rally phase!
$BTC is running into a wall of sell orders.
Bitcoin spot order book depth has turned heavily negative, with major supply stacked between ~$81,500 and $83,000.
Bulls need to absorb these sellers before the rally can continue.
$ETH is still ranging and did a nice fake out couple of days ago.
It’s now running into the mid range again.
In my opinion Ethereum is set to take the spotlight in the next bull.
$BTC is running into the same resistance again.
We need to make that higher high for a next possible leg.
However, there $100M in $BTC sell orders standing between price and its first higher high.
CRYPTO FEAR AND GREED INDEX
We are sitting at GREED, "70" so far, so no panic here, but once we get to extreme greed we can then look for de risking more.
$BTC is back around the $80,000 level.
The most important thing this week is a close above 50W MA.
If that happens, the case for a cycle bottom will get strong.
- everyone knows how to enter a trade
- almost nobody knows how to leave one
Now you realize making money is only half the trade, keeping it is the other half👇
$ETH All the way back to the breakout level of its recent pump.
A lot of that move was perp driven of which most open interest has now been washed back out.
Trump met with advisers on Friday about ethics language that is under consideration for the Clarity Act.
No details have been out, but things are speeding up before the September 15th vote.