Bitcoin is seesawing around $80,000. Traders who chased the rally have just been stopped out, and those chasing the drop may be next to take a hit. Reviewing the weekly chart, trader Killa noted that after $BTC fell from $87,000 to the $80,000 range last week, it rebounded 50%. It ran into resistance on Monday and ultimately swept below the previous week’s low near $80,000, briefly touching around $79,800.
His view is that the market is mainly hunting longs for now, but could shift to hunting shorts next week. He laid out a clear framework: if the price stops sweeping the lows, watch the $83,600 area. Failure to break above it would mean the market remains in the capitulation phase of range-bound trading; only a move back above it would count as an upside breakout. In the worst-case scenario, BTC could dip to $76,000–$78,000, but he explicitly said he doesn’t expect it to sweep the extreme low of $74,000.
This “sweep the longs first, then the shorts” pattern is not unusual in a range-bound market. Price repeatedly pierces previous highs and lows, triggering stop-loss orders in batches and disrupting short-term directional signals. The current price is $81,135, down 0.37% on the day, with a high of $82,295 and a low of $80,809. The narrow trading range suggests both bulls and bears are waiting for a clear signal.
Next, watch whether the weekly low of $79,800 gets swept again and whether the price can convincingly reclaim $83,600. Between those two levels, the market will most likely remain stuck in a frustrating range, where chasing moves in either direction could leave traders taking hits on both sides.
#比特币 #行情分析 #Cryptocurrency
His view is that the market is mainly hunting longs for now, but could shift to hunting shorts next week. He laid out a clear framework: if the price stops sweeping the lows, watch the $83,600 area. Failure to break above it would mean the market remains in the capitulation phase of range-bound trading; only a move back above it would count as an upside breakout. In the worst-case scenario, BTC could dip to $76,000–$78,000, but he explicitly said he doesn’t expect it to sweep the extreme low of $74,000.
This “sweep the longs first, then the shorts” pattern is not unusual in a range-bound market. Price repeatedly pierces previous highs and lows, triggering stop-loss orders in batches and disrupting short-term directional signals. The current price is $81,135, down 0.37% on the day, with a high of $82,295 and a low of $80,809. The narrow trading range suggests both bulls and bears are waiting for a clear signal.
Next, watch whether the weekly low of $79,800 gets swept again and whether the price can convincingly reclaim $83,600. Between those two levels, the market will most likely remain stuck in a frustrating range, where chasing moves in either direction could leave traders taking hits on both sides.
#比特币 #行情分析 #Cryptocurrency