Bitcoin retested the $81K region shortly after confirmation emerged that the U.S. is planning attacks on Iranian civilian infrastructure. It’s always the same story.
The market doesn’t seem ready to ignore the news and move on just yet, but it will. Recent moves aren’t signs of weakness; they’re the kind of price action that makes the market “boring” in the short term and sets the stage for the next real move up.
With neither side managing to establish sustained acceptance outside the current range, the price is likely to keep consolidating until the monthly close. That’s not bearish. On the contrary: it’s during periods of low liquidity like this that the energy needed for the next move builds up.
Look at the monthly chart: last week’s panic doesn’t look like the end of the world, despite what most people would have you believe. What looks like drama on the daily and hourly charts is just a small wick on the monthly chart, still trying to erase the last upward move—and it doesn’t look like it will succeed. The market often does exactly this: scare people in the short term, then continue its broader trend.
As long as the price continues to defend the $80K region in #BTC e and USDT.D doesn’t regain strength above recent resistance levels, the outlook remains bullish. The current consolidation is helping clear out positions and build fresh liquidity. When the market decides to break out of this range, the move will be strong and fast.
The broader trend is still intact. The rest is short-term noise. Don’t get confused.
The market doesn’t seem ready to ignore the news and move on just yet, but it will. Recent moves aren’t signs of weakness; they’re the kind of price action that makes the market “boring” in the short term and sets the stage for the next real move up.
With neither side managing to establish sustained acceptance outside the current range, the price is likely to keep consolidating until the monthly close. That’s not bearish. On the contrary: it’s during periods of low liquidity like this that the energy needed for the next move builds up.
Look at the monthly chart: last week’s panic doesn’t look like the end of the world, despite what most people would have you believe. What looks like drama on the daily and hourly charts is just a small wick on the monthly chart, still trying to erase the last upward move—and it doesn’t look like it will succeed. The market often does exactly this: scare people in the short term, then continue its broader trend.
As long as the price continues to defend the $80K region in #BTC e and USDT.D doesn’t regain strength above recent resistance levels, the outlook remains bullish. The current consolidation is helping clear out positions and build fresh liquidity. When the market decides to break out of this range, the move will be strong and fast.
The broader trend is still intact. The rest is short-term noise. Don’t get confused.