The weekend is here, and the bulls are not taking any days off. If you've been tracking our analysis, you know we locked in a really nice win on the downside earlier this week, but the market structure completely flipped after the Fed spoke. Following yesterday's massive breakout past the $80k handle, the tape has continued to grind higher on strong spot demand. That explosive move officially flipped our old $78,600 ceiling into our new foundational floor.
Because we cleared that heavy overhead resistance with such clean volume, the algorithms are now using it as a launchpad. The macro trend is firmly bullish, and the tape is actively hunting the liquidity resting at our next major structural level.
MARKET BIAS: BULLISH / CONTINUATION TREND
BOTTOM: $78,600
NEXT TARGET: $82,500
PREVIOUS TRADES UPDATE
#BTC / USDT.P (1D Golden Cross #Long): PROGRESSING. If you caught this entry with us, you are sitting on a really big win right now. Our entry zone ($75,800 - $76,500) triggered perfectly on Thursday, and the tape exploded upward. We have successfully secured TP1 ($78,600) and TP2 ($80,500). The trade is currently floating in massive profit as it approaches $81.4k.
ETF Inflows Return: After seeing heavy outflows earlier in the week, the narrative shifted rapidly. Spot #Bitcoin ETFs recorded massive net inflows heading into the weekend close, showing that institutional capital is aggressively buying this breakout.
Short Squeeze Dynamics: The aggressive push above $80,000 forced a lot of leveraged short sellers to cover their positions.
The FOMC dust has officially settled, and the bulls have completely taken the wheel. Bitcoin is currently trading all the way up at $81,125.
If you've been tracking our analysis this week, you know we nailed that capitulation flush down to $75,000 for a really nice win. After catching its breath in the post-Fed chop yesterday, the market decided it liked the macro landscape. The daily Golden Cross we mapped out provided the exact structural fuel the bulls needed. The tape exploded upward, completely smashing through our previous forecasted TOP target at $78,600 and securing a massive macro breakout.
As for what happens next: The structure has officially flipped. Because we cleared that heavy overhead resistance with such aggressive volume, our old $78,600 ceiling has now become our new foundational floor. The momentum oscillators are pointing straight up, and the algorithms are hunting for the next major liquidity pool. Expect the tape to use this new support base to launch a direct attack on the $82,500 region.
MARKET BIAS: BULLISH / MACRO BREAKOUT CONFIRMED
NEXT TARGET: $82,500
BOTTOM: $78,600 (Flipped from Resistance)
Priced-In Rate Hike: The market finally digested the Fed's 25 basis point rate hike. Because this move was already heavily priced in by Wall Street, the removal of that event-risk uncertainty caused a classic short squeeze, allowing the tape to easily push higher. #BTC
Fed day is officially in the rearview mirror, and #Bitcoin is currently consolidating right around the $76,345 mark.
Itβs been a crazy 48 hours on the charts. We saw the sellers take total control earlier this week, driving the tape straight down to officially tap our macro BOTTOM target at $75,000. We secured a really nice win on that drop, and the subsequent wave of profit-taking allowed the price to catch a relief bounce heading into yesterday's rate decision. Now that the initial volatility from Powell's press conference is fading, the market is catching its breath and trying to figure out its next true directional move.
We are currently sitting in no-man's-land right between our major boundaries. Because the tape is chopping in the middle of the range, I'm keeping a strictly neutral posture for today. We need to map out both scenarios because the algorithms are just waiting for the next catalyst to pick a side.
MARKET BIAS: NEUTRAL / POST-FED CONSOLIDATION
TOP: $78,600
BOTTOM: $75,000
Post-Fed Digestion: Wall Street is spending today digesting the actual implications of yesterday's FOMC decision. The initial knee-jerk reactions are over, and now institutional money is deciding where to park capital for the rest of the quarter.
Regulatory Headwinds: The failure of the CLARITY Act to pass the Senate is still hanging over the broader crypto market like a dark cloud. That legislative setback is keeping a lot of spot buyers on the sidelines, contributing to the thin volume we are seeing today.
Fed day volatility is already shaking the tape, and Bitcoin is currently floating right around the $75,725 mark.
Itβs been a pretty wild week on the charts. The sellers kept heavy pressure on the market over the last few days, driving the price straight into our primary objective. They officially tagged our macro BOTTOM target down at $75,000, hitting a low wick near $74,980. With that downside capitulation fully satisfied, we saw short sellers lock in a really solid win and take their chips off the table. That wave of profit-taking allowed the tape to catch a minor bounce back into the mid-$75k range as traders brace for Jerome Powell's press conference today.
As for what happens next: We are sitting right in no-man's-land ahead of the FOMC decision. Because the market is coiling between our key structural boundaries, I'm shifting to a strictly neutral posture until the Fed speaks. We need to prep for both directions because the algorithms are completely dry on volume and just waiting for a headline to pick a side.
#BTC #Bitcoin #WhatsNext #Trading #Crypto