2021: Fundamental analysis, studying charts, and slow growth. ๐๐ 2025: 1 day of pumping, 3 days of dumping, and pure chaos. ๐ข๐ I miss when the market made sense.
BTC has broken its bullish structure on the 12H timeframe, but I would like to see at least one more 12H candle close below the BOS level at 75,855 for stronger confirmation.
Despite the bearish structure break, Iโm currently looking for a bullish scenario. The recent negative news may create panic selling, but sometimes the market can move against the obvious sentiment. This is only an additional psychological confluence, not a guarantee.
My current technical view:
As long as BTC remains above the 73Kโ74K manipulation zone, another expansion toward 82.8K or higher remains possible.
There is also pending liquidity around 72,965.8, where the candle opened and made its low at the same price. A wick into this liquidity followed by a recovery could support another expansion phase.
This is my pre-plan for now:
โข Above the manipulation zone โ Bullish expansion remains possible.
โข A sweep toward 72,965.8 โ Could provide liquidity before a potential move higher.
โข A confirmed close below 72,965.8 โ Iโll reassess the plan and look for a new structure.
The market will decide the next move. For now, Iโm watching how price develops around these levels rather than forcing a trade.
Key Levels:
โข 87,501 โ Yearly Open
โข 82,808.5 โ Weekly structure shift
โข 75,855.3 โ 12H bearish BOS confirmation
โข 74,388 โ Major downside retest
โข 72,965.8 โ Pending liquidity / manipulation zone