BITCOIN - Long squeeze of the liquidity zone within an uptrend $BTC
maintains a local bullish trend; however, after strong growth, the market is entering a phase of consolidation and correction within the range.
The fundamental backdrop remains unstable. However, profit-taking in BTC is currently not particularly strong, and there is no significant selling pressure. Consolidation following the strong rally, along with the weak reaction to negative news, points to market strength. Spot ETF inflows are gaining momentum. Trading volumes are increasing. Altcoins are showing strong growth, so far without significant leverage. Technically, the backdrop is becoming increasingly favorable...
Bitcoin is breaking through the 83K resistance and consolidating above this zone, indicating readiness for a rally. The market is confirming the trend reversal; however, a correction aimed at hunting liquidity could occur before further upside. The key focus is on 82,300–80K.
Resistance levels: 87,400, 90,000, 100K
Support levels: 82,800, 82,300, 80K
The retest of the May support level formed a 82,800–82,300 liquidity pool, which could be tested before another move higher. A long squeeze could shift the balance of power in favor of buyers and trigger further upside toward 90K–100K.
Best regards, R. Linda!
maintains a local bullish trend; however, after strong growth, the market is entering a phase of consolidation and correction within the range.
The fundamental backdrop remains unstable. However, profit-taking in BTC is currently not particularly strong, and there is no significant selling pressure. Consolidation following the strong rally, along with the weak reaction to negative news, points to market strength. Spot ETF inflows are gaining momentum. Trading volumes are increasing. Altcoins are showing strong growth, so far without significant leverage. Technically, the backdrop is becoming increasingly favorable...
Bitcoin is breaking through the 83K resistance and consolidating above this zone, indicating readiness for a rally. The market is confirming the trend reversal; however, a correction aimed at hunting liquidity could occur before further upside. The key focus is on 82,300–80K.
Resistance levels: 87,400, 90,000, 100K
Support levels: 82,800, 82,300, 80K
The retest of the May support level formed a 82,800–82,300 liquidity pool, which could be tested before another move higher. A long squeeze could shift the balance of power in favor of buyers and trigger further upside toward 90K–100K.
Best regards, R. Linda!