$BTC is kinda stuck in no man's land again, right? Recent moves have been news-driven, but technically? Wouldn't be shocked if we see a deeper pullback.
Look at the pattern — twice we took out liquidity up top, then boom, sharp drop. After that, momentum flipped and alts caught fire again. Classic.
If you're hunting longs, two spots stand out:
1. That sweep under $80k — somewhere between $78,400 and $79,700. That's where the action could get interesting.
2. If we break above $82,900, that invalidates the downward structure. At that point, we're probably taking out the highs and pushing toward a new yearly top.
Not saying it will happen, just saying those are the levels that matter if you're paying attention.
Look at the pattern — twice we took out liquidity up top, then boom, sharp drop. After that, momentum flipped and alts caught fire again. Classic.
If you're hunting longs, two spots stand out:
1. That sweep under $80k — somewhere between $78,400 and $79,700. That's where the action could get interesting.
2. If we break above $82,900, that invalidates the downward structure. At that point, we're probably taking out the highs and pushing toward a new yearly top.
Not saying it will happen, just saying those are the levels that matter if you're paying attention.