$SCAM has touched 15M and has started to correct on the chart. You all know the narrative, and I think this topic will stay relevant for a long time. Entries can be looked for without falling into FOMO βοΈ
With the war dragging into overtime, the sense of turmoil in the markets is still ongoing. In my personal view, Donald Trump will never accept defeat. There are also rumors that the assassination attempt that took place yesterday was staged.
With the midterm elections approaching, Trump needs to secure a vote of confidence, and he has to achieve this somehow. I donβt think the war will end anytime soon, so I am adjusting my positions accordingly.
THIS WEEK: Senate Democrats will force a SIXTH vote on our War Powers Resolution endingΒ TrumpβsΒ warΒ of choiceΒ in Iran.Β
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As we reach 60 days of aΒ reckless and unpopular war, will Republicans continue to back Trump andΒ digΒ themselves deeper into this hole?
$BTC / USDT β Full Market Breakdown π§΅
Bitcoin is currently trading around $75.7K and sitting at a critical level. This is where things get interestingπ
π Market Structure
Massive drop from 97.9K β 60K bottom
Since then, BTC is forming higher lows
Price is now moving inside a short-term ascending structure
π Key Levels
οΏ½οΏ½ Resistance: 76.5K β 78.2K (local top + 24H high)
π‘ Mid resistance: 75.8K (current rejection zone)
π’ Support: 72K β 70K (structure support)
π΅ Major support: 66K β 60K (strong demand zone)
β οΈ Liquidity & Order Flow
Order book shows ~54% sell pressure
Liquidity stacked above 78K (stop hunts likely)
Heavy liquidity sitting below 70K
π Volume Analysis
Strong volume on the dump β confirms real selling
Weak volume on the bounce β looks like a relief rally
π Scenarios
1οΈβ£ Bullish Case
Clean break & hold above 76.5K
β targets: 78K β 83K β 91K
2οΈβ£ Bearish Case
Continued rejection at 75.8K
β targets: 72K first
β lose that: 66K β 60K liquidity sweep
π₯ My Take:
BTC is currently in a range / distribution phase
No real trend confirmation until:
π 78K breaks and holds
Otherwise:
β‘οΈ This is just a lower high forming before continuation down
π Summary
Short term: Slightly bearish
Mid term: Range
Macro: Still bullish (structure not broken)
#Bitcoin #Altcoin #Crypto