These levels put the current correction into a longer-term perspective. I'm looking at the bigger picture, but I know these levels aren't guaranteed to hold.
One signal bulls want to see is a divergence between price and short positioning.
Ideally, we'd see more traders aggressively opening shorts than we saw near the $58K macro bottom. That could help create the conditions for a squeeze if price starts moving higher.
But there's another development worth watching: we're now forming a divergence around the $63K lows.
If this structure holds, BTC could be setting up for a relief bounce.
I'm watching for confirmation before getting too confident.
BITCOIN IS SUPPOSED TO BE AN INDEPENDENT MONETARY ASSET.
No CEO. No corporate balance sheet. No centralized decision-making.
Yet a headline involving NVIDIA's CEO can trigger a sharp sell-off in $BTC .
That's the fascinating disconnect: Bitcoin's fundamental value proposition is independence, but its market price is still heavily influenced by broader risk sentiment and news from traditional markets.
بعد حركة صعودية قوية، ليس من غير المعتاد أن يتراجع السعر إلى نطاق 170 دولارًا.
حتى الآن، يبدو لي أن هذه مرحلة تماسك، ولن أستغرب رؤية محاولة أخرى للصعود.
ما الذي أود رؤيته لحدوث اختراق صعودي؟
1️⃣ يواصل السعر تسجيل قيعان أعلى. 2️⃣ يدفع المشترون السعر لتجاوز القمم الأخيرة ويتجهون نحو 219 دولارًا. 3️⃣ قد يفتح الاختراق الواضح والثبات فوق 219 دولارًا الطريق نحو القمم السابقة.
في الوقت الحالي، يكمن الأمر الأساسي في معرفة ما إذا كان المشترون قادرين على الحفاظ على الزخم.
Several major US economic events are on the calendar:
📅 Monday: Fed liquidity operation worth $3.65B 📅 Tuesday: US CPI and Core CPI data 📅 Wednesday: US Treasury buyback of $750M in its own debt 📅 Thursday: US housing data + speeches from 3 Fed officials 📅 Friday: US PPI and Core PPI data
🎯 The main events to watch: CPI and PPI.
These inflation readings can influence expectations around the Fed's future interest-rate decisions — and that can create volatility across risk assets, including Bitcoin and altcoins.
I'll be watching the data closely. One number can shift market expectations quickly.