$BTC tapped the March lows before a bounceback.
$65,000 is the last strong support zone for Bitcoin, and losing this will accelerate the dump to new lows.
$BTC
My Current Market Thesis,
Price pumped till 82k with OI pumping and perps pumping,
But the odd thing was that Spot was selling, which means we had a obvious divergence there,
$BTC
So far, BTC is moving as expected. As mentioned, it retraced to the 78k area and now trying to rebound. If the momentum continues, then we may see it at our mentioned target area of 83k-85k. This bias is valid until it holds the demand zone of 76k-74k.
BTC continues its impressive recovery, trading firmly at $81k.
After flipping the $78.5k pivot into support, bulls are now setting their sights on the primary daily resistance zone at $86k.
Momentum is in the driver's seat. 📈
#BTC
$ETH is still hovering around the $2,300 level.
ETFs are selling, and the overall spot demand looks weak.
If Ethereum loses the $2,250 level from here, things could get ugly.
$ETH tagged resistance and got smacked. Sellers still own that level for now.
But we all know the script: when $ETH finally breaks, alt season doesn’t ask permission.
Watching for the flip. That’s the real trigger.
$BTC TRL & OI Delta
Welp, that didn't take long.
True Retail Longs are maxed out, meanwhile Open Interest Delta is dropping.
On a Friday night...
Whales letting retail FOMO in before the next PURGE.
Yikes.
$BTC Rejecting from the Daily 200MA/EMA region so far.
Bulls would want a daily close above these to continue the move higher and not risk a similar lower high/rejection as we saw in January.
$BTC
Everyone keeps asking, “Why hasn’t the bear flag dumped yet?”
Because it isn’t a flag.
A textbook bear flag is a tight, fast consolidation following a vertical breakdown, which will typically resolve within one to three weeks, or four to five at the absolute extreme.
$BTC broke above the $79,000 level today but got rejected again.
It's still holding above its key support zone.
If BTC reclaims the $80,000 zone, the likelihood of Bitcoin filling the $84,000 CME gap will go up.
$BTC looks ready for a squeeze towards 100K atleast. ✍️
Historically whenever there's an engulfing buy on Weekly, a 20-30% rally takes place!
Nearby sell zones on lower TF are:
83500
86000
88000
92500
I'm accumulating $TAO $DOGE $LTC & $ASTER here!
$BTC SHORT UPDATE
Good morning everyone.
Today we see Bitcoin surged a little and almost reached my first short entry
Selling pressure around this area looks massive.
However, I still have another entry at 80k in case we go grab liquidity there.