$BTC
And there it is. 🤟
$64.5K achieved, with a perfectly executed roadmap
I said the first pullback would be where everyone started calling for sub-$60K and fresh bear market lows.
And that's exactly what happened.
Meanwhile, all BTC was doing was what every developing uptrend eventually has to do.
Form a higher low on its daily chart.
Nothing more. Nothing less.
Now we've achieved our initial $64.5K target and seen the short squeeze begin to unfold.
The next level that matters for this continuation move is $64.8K.
If BTC can close above that pivot, we'd invalidate the 4H lower-high structure for the first time since the $83K top.
At that point, I think $67K becomes the obvious next destination, which is also the invalidation of the daily lower high structure.
A some stage, $BTC is going to need to set a higher low on its daily chart.
When it does, be prepared for everyone to call for $50K.
The reality is, if BTC can hold above $61K on a retest and form a higher low above the $58K pivot, I think it's reasonable to remain bullish in the short term.
If we lose $61K, then I'd lean back toward the idea that we're simply following the same bear market sequence.
Flush. Relief rally to set a lower high. Continuation down.
So far, we've only managed to print another daily lower high, but given the structural invalidation sits up at $67K, it was never realistic to expect a single move from $57K to completely invalidate the downtrend.
It's all about the pullback.
If BTC can hold above $61K and print a higher low, I'd become increasingly constructive on the short-term outlook.
If it can't, then we're most likely following the sequence and setting up for another lower low.
Looks like $ZEC is getting ready to make its move.
Currently, it's still battling the $480 resistance.
But if bulls can reclaim it, I'd expect a relatively quick move towards the $520 macro pivot, representing roughly 10% upside from the breakout.
More importantly, it would be the first meaningful break in market structure we've seen for some time and start shifting momentum back in favour of the bulls.
I'll be adding to my longs if we get that confirmation.
Until then, I'm happy to let the market prove itself.
$BTC
For the first time in weeks, spot buyers are stepping back in.
The reason BTC kept flushing from $83K was simple:
Spot demand was fading while price pushed higher. That move was driven by pure leverage, and leverage-driven rallies always get punished.
This time, spot CVD is trending higher alongside price, suggesting the move isn’t being driven purely by leverage.
At the same time, open interest is declining, which likely means shorts are covering in preparation for a potential squeeze higher.
Less leverage. More spot.
If that continues, this becomes the healthiest foundation BTC has had in months to challenge the $67K region.
Now watch the spot bid from here.
It’ll tell you everything.
👌
Study how bitcoin:native has traded since the 83K top.
Flush below support. Relief into a lower high. Continuation down.
That pattern has not broken once in two months.
Now we're at the point where if BTC can sweep the liquidity above the 67K lower high and reclaim it as support, the pattern that's controlled this bearish correction is finally invalidated.
At that point, we'd start shifting short-term bullish and I'd expect the rally to extend toward the 70K region.
If we fail to reclaim 67K, then nothing has changed structurally.
It simply becomes the next lower high within the broader downtrend.
We're not far from finding out.
If you're trading and consistently losing money, your priority shouldn't be finding the next trade.
It should be building a system.
A repeatable process.
Rules you can execute regardless of emotion.
Because profitable traders don't make money by predicting every move.
They make money by repeatedly executing an edge.
No edge, no profit.
$ETH
Pull the trigger above $1800.
Do absolutely nothing before then.
I'll happily pay higher once ETH clears a level stacked with both range resistance and the double top neckline.
But I'm not paying a dime below that threshold.
$BTC
Pretty simple.
Give me $62.5K.
And I'll take the breakout and scalp whatever upside the bulls have left.
It doesn't need to be any more complicated than that.
It looks like $SOL has bottomed against its BTC pair for the cycle.
The USD pair may still have some downside left.
But in terms of hedging bear market risk by rotating into BTC, I think that trade is becoming increasingly less attractive from here if you already hold Solana.