🚨 Decisive weekly close for Bitcoin? What you need to know before Sunday 📉📈
The crypto market is once again at a critical point, with Bitcoin ($BTC ) trading in the $77,500 area and Ethereum ($ETH) hovering around $2,430. Are we back in the Bull Market, or facing a possible pullback before the real move up?
💣Macroeconomic pressure and U.S. bonds
Lack of demand for bonds: Yields on U.S. government bonds (especially the 30- and 10-year) are posting parabolic increases. This reflects a lack of demand, making borrowing more expensive and creating economic stress.
Contradiction with the Fed: After the interventions in Jackson Hole reaffirming the 2% inflation target, the rise in costs adds uncertainty to the market.
📊Technical keys to confirm the trend
50-week moving average: Bitcoin needs to close the week above $81,100 to send a clear signal of a return to sustained bullish momentum.
Low metric risk: Despite the current $77 levels, risk metrics indicate the market is only just starting to come out of historically low-risk entry zones.
Opportunity near the 200-week MA: Accumulation near the 200-week MA has historically proved to be one of the best positioning areas.
🗺️Liquidity maps and zones to watch
Leverage imbalance: The weekly liquidation map shows a clear disparity (approx. $9.1B in short positions vs. $5.98B in long positions).
Break-even point at $70: A possible pullback toward the $70–$70,800 zone (coinciding with key Fibonacci levels) would serve to sweep liquidity from long positions before continuing the bullish impulse.
Next target: If the 50-week MA breakout is confirmed, the main resistance is located near the 100-week average, around $89,000.
💬 Do you think Bitcoin will close on Sunday above $81,100, or will we see the $70,000 retest first? $BTC
The crypto market is once again at a critical point, with Bitcoin ($BTC ) trading in the $77,500 area and Ethereum ($ETH) hovering around $2,430. Are we back in the Bull Market, or facing a possible pullback before the real move up?
💣Macroeconomic pressure and U.S. bonds
Lack of demand for bonds: Yields on U.S. government bonds (especially the 30- and 10-year) are posting parabolic increases. This reflects a lack of demand, making borrowing more expensive and creating economic stress.
Contradiction with the Fed: After the interventions in Jackson Hole reaffirming the 2% inflation target, the rise in costs adds uncertainty to the market.
📊Technical keys to confirm the trend
50-week moving average: Bitcoin needs to close the week above $81,100 to send a clear signal of a return to sustained bullish momentum.
Low metric risk: Despite the current $77 levels, risk metrics indicate the market is only just starting to come out of historically low-risk entry zones.
Opportunity near the 200-week MA: Accumulation near the 200-week MA has historically proved to be one of the best positioning areas.
🗺️Liquidity maps and zones to watch
Leverage imbalance: The weekly liquidation map shows a clear disparity (approx. $9.1B in short positions vs. $5.98B in long positions).
Break-even point at $70: A possible pullback toward the $70–$70,800 zone (coinciding with key Fibonacci levels) would serve to sweep liquidity from long positions before continuing the bullish impulse.
Next target: If the 50-week MA breakout is confirmed, the main resistance is located near the 100-week average, around $89,000.
💬 Do you think Bitcoin will close on Sunday above $81,100, or will we see the $70,000 retest first? $BTC