$BTC Update— The Market Is Ignoring the Bearish Data. I hope you’re all doing well. Let’s quickly look at what’s happening. Bitcoin is trading above $81,500, despite several bearish catalysts last week: Tuesday: Clarity Act developments. Wednesday: FOMC raised rates by 25 bps, taking rates above 4%. Japan also raised rates to 1.25%. Yet BTC is still pushing higher. This is exactly why blindly shorting with high leverage can be dangerous. Shorts with stops around $80K, $82K and $84K are being taken out one by one. Have We Seen This Before? Yes. We’ve previously seen bullish data followed by a dump, while bearish data was followed by a pump. Markets can move against the obvious narrative while liquidity is being taken. That’s why I’ve been saying this could continue for several days: let the liquidity get cleared first. Where Could BTC Reject? BTC has already broken out of a falling wedge. The measured target of that pattern comes around $83K–$83.5K. But the bigger area I’m watching is above the previous $82,800 level. A large amount of liquidity may be sitting around this zone, especially after the previous rejection from there. 🔴 Key Reversal Zones: $83,500 and $84,800–$85,500. If BTC reaches these areas, I’ll be watching closely for a liquidity sweep and reversal confirmation rather than blindly shorting. One More Important Factor: USDT.D. USDT dominance is approaching a major support/order-block area around 6.5–6.6. If BTC pushes toward $83.5K–$84K while USDT.D reaches that support, a bounce in USDT.D could create additional downside pressure on BTC. If that scenario plays out, lower levels such as 🎯 $71K → $69K → $67K could come into focus. I’m not saying to blindly short BTC here. The important thing is to watch the $82.8K–$85.5K resistance area and wait for confirmation. Reaction > prediction. Manage risk properly.
