$BTC is back testing that lower trendline — classic moment of truth. What catches my eye here is the divergence: price pushing higher highs while RSI prints lower lows. That's a warning sign, not a death sentence, but it means momentum is fading even as price climbs.
If the channel holds, we're still in business for $80K-$82K. That's the bullish scenario — structure intact, just a normal retest before the next leg.
But if we lose this trendline? Then we're likely looking at a deeper pullback. Nothing wrong with that in a bull cycle — healthy corrections set up the next move. Just means patience and maybe a chance to add on weakness if you've got dry powder.
I'm not chasing here. I'm watching. If it holds, great. If it breaks, I'll look for the next level of support and reassess. Either way, the long-term thesis doesn't change — just the near-term path.
If the channel holds, we're still in business for $80K-$82K. That's the bullish scenario — structure intact, just a normal retest before the next leg.
But if we lose this trendline? Then we're likely looking at a deeper pullback. Nothing wrong with that in a bull cycle — healthy corrections set up the next move. Just means patience and maybe a chance to add on weakness if you've got dry powder.
I'm not chasing here. I'm watching. If it holds, great. If it breaks, I'll look for the next level of support and reassess. Either way, the long-term thesis doesn't change — just the near-term path.