BTC has bounced from around $65K to $77K+, with a weekly high near $79.5K.
But is this the start of the bull run?
My answer: Not yet.
The US Treasury is increasing long-term buybacks from $2B to $4B+ per operation, starting September 9. This isn't exactly QE, but it could support liquidity and risky assets.
🇯🇵 Japan is also important. Rising Japanese yields and possible BOJ rate hikes could pull liquidity away from global risk assets like crypto.
Key BTC levels:
🔹 $79.5K — resistance
🔹 $81.8K — next target
🔹 $82.75K — major breakout level
🔹 $86K — next psychological zone
If BTC breaks and holds above $82.75K, the bullish case gets stronger.
If it fails below $79.5K, a retracement toward $69K–$70K is possible.
I’m staying patient and avoiding FOMO.
Bull run or another liquidity bounce before a bigger correction? 👇
#BTC #Bitcoin #Crypto #bullish $bullish
llRun #Trading