๐จ BITCOIN RESILIENT: What lies behind the US$80,000 counterattack? ๐๐
While the traditional market was taking a break, $BTC staged a technical battle to consolidate above the psychological level of US$80,000, sustaining a weekly high of +4.8%.
๐ช๏ธ Macro Context x Weekly News:
* ๐๏ธ CLARITY Act: The Senate vote in the U.S. did not reach the threshold needed to move forward, creating short-term volatility.
* ๐ Monetary Policy: The Fed raised the rate by 25 bps (range of 3.75%โ4.00%) and the Bank of Japan increased to 1.25% (highest level in 31 years).
* ๐ข๏ธ Oil on the Rise: Geopolitics in the Middle East pushed crude above US$100.
What held the market up?
* Pricing: The market had already absorbed much of the bad news.
* Regulatory Advances: The SEC announced a framework for temporary relief for tokenized assets, and the CFTC submitted a proposal for rules review.
๐ Technical Analysis: Liquidity Mapping
* ๐ฏ Resistances: US$81,819 and US$82,242. The zone between US$83,000 and US$86,000 concentrates strong liquidity from orders and short positions.
* ๐ก๏ธ Supports: US$79,800 (immediate pivot) and US$75,000 (crucial re-buy zone).
๐๏ธ Weekly Triggers: Keep an eye on PMI data (Wednesday) and U.S. unemployment aid claims (Thursday).
๐ฌ Whatโs your setup for the week? Will we break above US$83,000, or will there be a retest before the next leg?
๐ Comment, like, and follow for more updates!
โ ๏ธ Legal Disclaimer: Educational and opinion-based content based on market data. It does not constitute financial advice.
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #TechnicalAnalysis
$BTC
While the traditional market was taking a break, $BTC staged a technical battle to consolidate above the psychological level of US$80,000, sustaining a weekly high of +4.8%.
๐ช๏ธ Macro Context x Weekly News:
* ๐๏ธ CLARITY Act: The Senate vote in the U.S. did not reach the threshold needed to move forward, creating short-term volatility.
* ๐ Monetary Policy: The Fed raised the rate by 25 bps (range of 3.75%โ4.00%) and the Bank of Japan increased to 1.25% (highest level in 31 years).
* ๐ข๏ธ Oil on the Rise: Geopolitics in the Middle East pushed crude above US$100.
What held the market up?
* Pricing: The market had already absorbed much of the bad news.
* Regulatory Advances: The SEC announced a framework for temporary relief for tokenized assets, and the CFTC submitted a proposal for rules review.
๐ Technical Analysis: Liquidity Mapping
* ๐ฏ Resistances: US$81,819 and US$82,242. The zone between US$83,000 and US$86,000 concentrates strong liquidity from orders and short positions.
* ๐ก๏ธ Supports: US$79,800 (immediate pivot) and US$75,000 (crucial re-buy zone).
๐๏ธ Weekly Triggers: Keep an eye on PMI data (Wednesday) and U.S. unemployment aid claims (Thursday).
๐ฌ Whatโs your setup for the week? Will we break above US$83,000, or will there be a retest before the next leg?
๐ Comment, like, and follow for more updates!
โ ๏ธ Legal Disclaimer: Educational and opinion-based content based on market data. It does not constitute financial advice.
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #TechnicalAnalysis
$BTC
