$BTC — Bitcoin Weekly Setup 👀📊
The Bitcoin scenario would be absolutely insane if we eventually form an Inverse Head & Shoulders pattern on the weekly chart. 😅
Hopefully, we won’t need that scenario!
Here’s what I’m watching:
1️⃣ The decline before the US drama around the CLARITY Act and the rate decision may have already been priced in. We’ve already seen the subsequent move higher.
2️⃣ On the weekly chart, I’m watching the key levels around the Fair Price Line to understand where BTC could find support or resistance.
3️⃣ A Wyckoff accumulation structure is still theoretically possible. However, I’m becoming increasingly convinced that Bitcoin may have already formed its summer bottom — without a classic spring or liquidity sweep of the previous lows.
4️⃣ Bitcoin Dominance is also showing an interesting development. If dominance continues moving lower, it could give altcoins more room to breathe. 🔥
For now, I’m watching BTC’s weekly structure closely rather than chasing short-term moves.
What do you think — bottom already in, or one more liquidity sweep ahead? 👇
#BTC #Bitcoin #Crypto
NFA. DYOR.$BTC
The Bitcoin scenario would be absolutely insane if we eventually form an Inverse Head & Shoulders pattern on the weekly chart. 😅
Hopefully, we won’t need that scenario!
Here’s what I’m watching:
1️⃣ The decline before the US drama around the CLARITY Act and the rate decision may have already been priced in. We’ve already seen the subsequent move higher.
2️⃣ On the weekly chart, I’m watching the key levels around the Fair Price Line to understand where BTC could find support or resistance.
3️⃣ A Wyckoff accumulation structure is still theoretically possible. However, I’m becoming increasingly convinced that Bitcoin may have already formed its summer bottom — without a classic spring or liquidity sweep of the previous lows.
4️⃣ Bitcoin Dominance is also showing an interesting development. If dominance continues moving lower, it could give altcoins more room to breathe. 🔥
For now, I’m watching BTC’s weekly structure closely rather than chasing short-term moves.
What do you think — bottom already in, or one more liquidity sweep ahead? 👇
#BTC #Bitcoin #Crypto
NFA. DYOR.$BTC