Good morning, friends ☕️
🚨BITCOIN FOR THE FIRST TIME IN A YEAR BREAKS THE BEARISH STRUCTURE
Yesterday I showed confirmations from long-term indicators.
Today we'll look at what matters more than any indicator—at the price itself.
After the all-time high around $126,000, each new Bitcoin peak formed lower than the previous one. It was this sequence that kept the bearish structure intact.
❗️Now it’s been interrupted.
For the first time in a year, Bitcoin formed a higher high. This means the market didn’t just reclaim a single level—it changed the very nature of the move.
The action on the chart is increasingly reminiscent of a large bearish trap, similar to the one we observed before the rise in 2023.
The nearest scenario:
➡️ $83,000 now acts as local support
➡️ The next target is in the $89,000–91,000 area
As long as the major resistance on the higher time frame hasn’t been reached, I continue moving along with the momentum.
Key levels of the broader structure:
➡️ Main support: $78,800
➡️ Deep support: $70,500
➡️ Main resistance:
$95,000–98,000
And the technical picture is not the only argument.
At the same time, ISM rose above 54, core inflation fell to a five-year low, and the Russell 2000 hit a new all-time high.
The market is not waiting for today’s news—it prices in what could happen tomorrow in advance.
If Bitcoin breaks the area
$95,000–98,000, the next major benchmark will be an update of the all-time high. 🚀