$BTC locked in the $65k-$70k range. Choppy sideways action all week.
Previous weekends saw pumps on thin liquidity but only to dump into Monday.
Could we see the same pattern this weekend? Would take us back to test $70k again.
5/5 Bottom line:
Selling pressure is easing and long-term buyers are quietly stepping in. Leverage has reset. But conviction is still low and macro remains fragile.
This looks like stabilization, not recovery. Not just yet.
Full breakdown inside: https://t.co/IQJYB3Hhbc
$BTC rejected at $70k over the weekend.
Weekly still fighting for 200W EMA around $68k. Hourly chart tangled in EMAs showing indecision.
πΈBull case : Break and hold $70k as support.
πΈBear case: Rejection sends us back to lows.
$BTC ranging mid-$60k. No clear direction yet.
Bounced from $60k to $72k, now back at $65k.
Could revisit lows or attempt another leg up. We're ready for either move.
6/6 Bottom line:
We're transitioning from forced liquidation to fragile stabilization. Leverage reset. Institutions cautiously re-entering.
But until fresh capital returns and demand absorbs supply consistently, this is stabilization, not recovery.
For the full breakdown and to see how we are positioning: https://t.co/St9FFdIwMZ
$BTC is stabilizing after last week's capitulation but the recovery has weak foundations.
Institutions are back. Leverage reset. But demand? Still missing.
Here's what's actually happening beneath the surface π§΅
5/6 Macro backdrop remains late-cycle:
πΈUS growth equity valuations at historic extremes (above Dot-Com peak).
πΈ$10T in US debt maturing within a year.
πΈCopper inventories at 30-year highs.
Price strength is masking growing fragility.
$BTC pinned below $70k.
Getting rejected every time it tries to break through. Finding support around $68k.
EMAs still bearish even on the hourly. We need a break in either direction soon.
Key events to watch this week π
π Macro data:
πΉWed: NFP & unemployment
πΉFri: CPI Expect volatility around both releases.
ποΈ Government shutdown: Over 60% odds of another shutdown by week's end. Getting comical at this point.
πΌ Coinbase earnings (Feb 12): Big one. Revenue and app rankings give us a read on retail interest. Will be interesting to see how low it goes.
Let's hope for a calm week with no crashes or god candles for once!