**Bitcoin closed its best week since March 2023**, reaching 77K after a rally that liquidated shorts massively and swept liquidity below prior lows. The technical structures show something curious: while the moving averages are painting everything bullish and the price broke key resistances, the Wyckoff thesis does not yet give a clear distribution signal. That means that for now, there is no evidence that the strong hands are selling in bulk.
The bias on 4H remains bullish, but the 1H bias turned bearish—typical when an asset enters consolidation after a strong move. This is not a reversal; it’s a pause. The levels that matter: if it holds above **75,930**, the next magnet is at **81,374**. If it loses that floor, support drops to **73,687**.
The Fear and Greed index is at **71 (Greed)**, a level that can hold for weeks in mature uptrends, but also where technical pullbacks show up. Ethereum surpassed $2,300 in the same week, signaling a rotation of capital into altcoins.
Is this a bounce within a larger bearish structure, or a genuine reversal? The answer depends on what happens in the next sessions. What do you think: real momentum or a bullish trap before another correction?
#BitcoinBestWeekSinceMarch2023
The bias on 4H remains bullish, but the 1H bias turned bearish—typical when an asset enters consolidation after a strong move. This is not a reversal; it’s a pause. The levels that matter: if it holds above **75,930**, the next magnet is at **81,374**. If it loses that floor, support drops to **73,687**.
The Fear and Greed index is at **71 (Greed)**, a level that can hold for weeks in mature uptrends, but also where technical pullbacks show up. Ethereum surpassed $2,300 in the same week, signaling a rotation of capital into altcoins.
Is this a bounce within a larger bearish structure, or a genuine reversal? The answer depends on what happens in the next sessions. What do you think: real momentum or a bullish trap before another correction?
#BitcoinBestWeekSinceMarch2023