Bitcoin is steadily grinding higher and has now reached a key decision zone around 65k.
The last time price traded at this level, it was rejected and moved lower. I'm leaning toward a similar outcome unless $BTC can break and hold above the 65.2k–65.6k range.
A confirmed breakout above that resistance would invalidate the current bearish outlook, shift market structure to bullish, and likely trigger a wave of short liquidations. If that happens, BTC could rally toward the 67k–68k area over the coming days.
For now, I'm maintaining my short positions with clearly defined stop-loss levels above resistance. If price is rejected from this zone again, I expect increased volatility and a move toward 61.3k.
On the lower timeframes, $BTC is still struggling to regain acceptance toward the range highs.
For the bullish move to continue, reclaiming $85K remains the key first step.
As I mentioned yesterday, $81K–$83K is the liquidity zone I expect price to revisit before making another attempt at the highs.
Bitcoin has already started sweeping that area overnight, but until $85K is reclaimed, I’m watching $81.5K and the previous range breakout for a potential retest.
If that level holds, another leg higher could begin.
$BTC has been moving higher for almost four weeks now, and a lot of people seem to expect the rally to continue without any meaningful correction.
But remember, the narrative of an October bottom was being pushed heavily around the lows and throughout this entire move higher. Now that the rally has pushed bears into extreme despair, I wouldn’t be surprised to see some kind of pullback heading into October.
Looking at the downside liquidity, there’s a lot sitting below. Bulls are heavily positioned, greed is elevated, and markets rarely move in a straight line when sentiment gets this one-sided.
A healthy correction could shake out overleveraged bulls before the next major move higher.
Don’t lose sight of the bigger picture. Pullbacks can create better entries for longs and opportunities to accumulate more spot.
Breaking the $83K swing pivot doesn’t mean $BTC can never trade below $83K again.
We saw a similar setup after the 2022 bottom. Bitcoin broke the final lower high near $21K, signaling a shift in the bearish market structure, but later revisited that level.
The importance of reclaiming $83K was never about creating an untouchable support level.
It was about breaking the pattern of lower highs and lower lows that defined the previous bear market.
Bitcoin can still retest $83K or even dip below it without automatically returning to a bear market.
Bitcoin is back near the $84K resistance zone that has rejected price multiple times, and this setup looks increasingly risky.
Sentiment is turning bullish again, while the broader macro picture remains uncertain. Liquidity is tightening, rate hikes are back on the table, and we still haven’t seen the kind of fear-driven event that often accompanies a major macro bottom.
Even if $BTC pushes above resistance, I’d remain cautious about calling it a confirmed breakout. A liquidity sweep above $83K–$85K could still turn into a trap.
Below, the $69K–$72K FVG remains an important imbalance, followed by major liquidity around $60K and the previous range lows.
$BTC is showing serious strength during the NY session.
Bitcoin is pushing higher even as DXY strengthens, which means BTC is absorbing the dollar’s strength. That’s a notable sign of relative strength, and I like seeing this kind of aggressive price action.
Price has now reached my short POI, but there’s no trigger, so there’s no trade.
I understand the range-high thesis and why a short could make sense after a confirmed bearish trigger. If you’re taking that setup, I’d treat it as a short-term exhaustion trade against the trend. Wait for clear signs of exhaustion and a proper bearish confirmation.
Since the move toward $82K two weeks ago, my main focus has been finding quality long entries. $BTC has continued showing strength against DXY, suggesting buyers remain firmly in control.
This week already gave us two solid long opportunities. If you’re holding longs from good entries, I’d consider leaving a portion open as a runner.
The ideal scenario would be a clean breakout above the range high, followed by some consolidation and another opportunity to build longs at higher levels.
Stay reactive, manage risk properly, and adjust as market conditions change.
For now, let those longs do the heavy lifting. Have a great weekend ahead! #BTCBreaks80K #比特币突破8万
$BTC pumped to $78K and reached our final long target.
Very clean PA on Bitcoin. You can see how buyers and sellers were manipulated to fuel the move higher.
Jobless claims came in bearish → initial trap move up → sweep to wipe out early buyers and induce sellers → strong move higher that cleared out sellers while leaving late buyers behind.
If you’re not familiar with this inducement game, you’ll probably get chopped up. Better to wait for clear confirmation.
This week gave us 2 clean long entries that played out nicely. My hedge short got stopped, but the long more than compensated, which is exactly how I approach hedging.
For today, we already had a strong pump and are now retesting a HTF short POI.
After a move like this, I’m only interested in local shorts after a clear trigger.
The untouched wick remains a valid POI. I like the $78.6K–$78.8K region, but if the trigger comes earlier, I’m fine with taking it there.
I’m not chasing longs locally. My first intraday long POI would be a retest of the gap around $76.9K.
$BTC could be forming the deviation setup I mentioned yesterday .
After price broke below the RSI uptrend and lost the $76K support, we didn’t get the downside volatility I was expecting. That raised the possibility of a deviation, similar to what we saw when $BTC broke above $82K.
Now that price has reclaimed $76K, we could be seeing a similar setup unfold.
For now, this still looks like the same sideways consolidation range I’ve been watching for weeks.
Until we get a strong breakdown below $76K or a decisive breakout above $82K, the market remains neutral in this range.
BITCOIN & ETHEREUM FACE REJECTION AT THE 50-WEEK MA
Both $BTC and $ETH are struggling to reclaim their 50-week moving averages, which continue to act as major resistance as several key macro catalysts approach.
Yesterday, September 15, the U.S. Senate failed to advance the CLARITY Act, removing one of the market’s major legislative catalysts.
Now, attention turns to the Fed’s rate decision and press conference today, September 16.
On September 18, the Bank of Japan will announce its policy decision, with any hawkish surprise potentially putting pressure on global markets through carry-trade unwinding.
With the 50-week MA still acting as overhead resistance, further downside remains possible if central banks deliver hawkish signals.
For bulls, a strong weekly close above the 50-week MA could be an important confirmation that the recovery is gaining strength. #FedRateWatch #ZcashRises6%
$BTC swept the $75.5K low following the failed CLARITY Act vote.
As mentioned yesterday, a bearish move below $75.5K was the reaction I was watching, and it has now played out.
With FOMC today, I’m not expecting much volatility before the announcement. Ideally, Bitcoin consolidates into the event, with the release triggering another liquidity sweep.
If that happens, I’ll be watching for a potential corrective move higher and a long setup.
The key is patience: let price action and spreads normalize after the release before entering.
For now, local scalps may be possible, but I’m not particularly interested. If you’re holding positions into FOMC, manage your risk accordingly. #FedRateWatch #BitcoinFalls4%
$ETH ETFs saw $216.4M in inflows last Friday, marking their strongest day since August 27.
Meanwhile, $BTC ETFs recorded their fourth consecutive day of outflows during the same session.
BlackRock also purchased $250M worth of ETH directly that day, separate from ETF activity.
On-chain activity is picking up too, with transactions above $1M rising 14% in just 24 hours.
Three bullish signals appearing almost simultaneously.
But the chart remains uncertain. $ETH formed a weekly doji with little real body, sitting directly around the 50-week SMA after rejecting the $2,450 resistance level.
Spot Bitcoin ETF demand appears to be picking up again.
Recent data shows one of the strongest daily inflow sessions in months, yet $BTC price has barely reacted so far.
That divergence is worth monitoring. It could indicate renewed institutional accumulation while the broader market remains cautious. Still, one strong inflow day isn’t enough to confirm a trend.
Despite the LTF chop on $BTC , the market has consistently been hunting longs below previous lows.
So the bigger question is: why keep targeting the same side?
When one side is repeatedly swept, there’s often a reason. The market may be clearing liquidity, reducing leverage, and slowly destroying confidence in longs.
Eventually, traders become conditioned to expect every dip below the lows to lead to another breakdown.
And that’s when things can change.
The final sweep can become the local bottom, followed by an expansion back toward the highs.
The idea is simple: make the eventual winning side as uncomfortable as possible. Shake them out, destroy conviction, and make them believe they’re wrong.
Repeatedly sweeping the lows after a strong impulse is exactly how that setup can develop.
$BTC is hovering around the $76.2K previous weekly low ahead of CPI.
Honestly, this range feels pretty dead, and I expect that to continue until the CPI release.
Bitcoin is building liquidity around $76.2K, while this bounce doesn’t look very convincing. OI suggests the last dump attracted plenty of shorts, and the current move higher appears largely driven by aggressive short covering.
For today, I’m watching two scenarios after CPI (08:30 ET).
First, a sweep of the $76.2K PWL that triggers more selling and liquidates longs. I’ll look for long setups if this happens.
The second, and my preferred scenario, is a sharp CPI-driven wick below $75.5K. That could flush remaining buyers and create the liquidity needed for stronger higher-timeframe longs.