🚨 BTC WEEKLY BREAKOUT — BUY THE PULLBACK
Bitcoin has broken above a key weekly lower high, confirming a stronger mid-term structure. I’m not chasing the move here — I’m waiting for a better POI.
Three key factors behind the bullish view: 1️⃣ Weekly candle closed above the previous lower high. 2️⃣ CME positioning showed stronger long activity than shorts, suggesting the move isn’t purely a trap. 3️⃣ Spot BTC ETFs recorded aggressive buying.
🎯 For a mid-term entry, the key zone I’m watching is around $80K ± $500.
The reason: significant liquidity sits around this area, with roughly $125M in liquidations reported on one exchange alone, while other exchanges have separate liquidity.
In short: let BTC pull back toward the $80K zone rather than chasing the breakout.
Patience for the better entry. 📈
$BTC
Bitcoin has broken above a key weekly lower high, confirming a stronger mid-term structure. I’m not chasing the move here — I’m waiting for a better POI.
Three key factors behind the bullish view: 1️⃣ Weekly candle closed above the previous lower high. 2️⃣ CME positioning showed stronger long activity than shorts, suggesting the move isn’t purely a trap. 3️⃣ Spot BTC ETFs recorded aggressive buying.
🎯 For a mid-term entry, the key zone I’m watching is around $80K ± $500.
The reason: significant liquidity sits around this area, with roughly $125M in liquidations reported on one exchange alone, while other exchanges have separate liquidity.
In short: let BTC pull back toward the $80K zone rather than chasing the breakout.
Patience for the better entry. 📈
$BTC
