BTC started a rebound from around 58K and has now entered the prior high pressure zone of 77.5K—82.8K.
Until 82,800 breaks out effectively, the larger structure can still only be defined as a rebound, not a trend reversal.
The essence of the push higher is constantly searching for liquidity and trade counterparties at higher prices; before a true breakout of the prior high, you should focus on guarding against heavy turnover and profit-taking releases at elevated levels.
Last week, BTC spot ETF flows once again showed large net inflows ($1.9B), making the short-term trend clearly more bullish. But what ultimately determines whether the move can be upgraded from a “rebound” into a “new round of trend” is whether 82,800 can break above and hold.
On the macro front, the PCE around August 26 and the Fed signals related to the end-of-month Jackson Hole will be key catalysts for the next round of price acceleration.
Large capital often drives price first into key liquidity zones, then waits for macro catalysts to clarify direction before using the market’s existing leverage structure to complete the acceleration.
Until 82,800 breaks out effectively, the larger structure can still only be defined as a rebound, not a trend reversal.
The essence of the push higher is constantly searching for liquidity and trade counterparties at higher prices; before a true breakout of the prior high, you should focus on guarding against heavy turnover and profit-taking releases at elevated levels.
Last week, BTC spot ETF flows once again showed large net inflows ($1.9B), making the short-term trend clearly more bullish. But what ultimately determines whether the move can be upgraded from a “rebound” into a “new round of trend” is whether 82,800 can break above and hold.
On the macro front, the PCE around August 26 and the Fed signals related to the end-of-month Jackson Hole will be key catalysts for the next round of price acceleration.
Large capital often drives price first into key liquidity zones, then waits for macro catalysts to clarify direction before using the market’s existing leverage structure to complete the acceleration.
