the overall market direction is still clear to me, just as I explained in my previous analyses.
But in the short term, within the range of $75K–$78K, the situation is very murky.
There's obvious price action driven by bots that constantly rejects both breakouts and breakdowns.
You typically see this kind of behavior either as:
distribution near local tops or accumulation around key support levels. I previously explained this using the analogy of a "floating cork on water."
You can also see it clearly through the long wicks on lower timeframes, both above and below the price.
At the same time, there's still a large gap near $80K that continues to strongly attract the price before any major bearish movement.
On the flip side, $75K remains a critical support level that can't be broken if the market still wants to target that gap fill.
So, the battle is still ongoing.
The short-term situation remains unclear:
Is Bitcoin going to pump and fill the gap first…
or break down immediately and start the drop from here?
Personally, I expect a significant event regarding BTC's price in the next few hours.
I believe a big move is coming soon (most likely a bearish move, a drop
But in the short term, within the range of $75K–$78K, the situation is very murky.
There's obvious price action driven by bots that constantly rejects both breakouts and breakdowns.
You typically see this kind of behavior either as:
distribution near local tops or accumulation around key support levels. I previously explained this using the analogy of a "floating cork on water."
You can also see it clearly through the long wicks on lower timeframes, both above and below the price.
At the same time, there's still a large gap near $80K that continues to strongly attract the price before any major bearish movement.
On the flip side, $75K remains a critical support level that can't be broken if the market still wants to target that gap fill.
So, the battle is still ongoing.
The short-term situation remains unclear:
Is Bitcoin going to pump and fill the gap first…
or break down immediately and start the drop from here?
Personally, I expect a significant event regarding BTC's price in the next few hours.
I believe a big move is coming soon (most likely a bearish move, a drop