Need to see $JASMY break through this OB at last monthâs high to invalidate the possibility of putting in a right shoulder here. â³ Price has been respecting this area closely, so the reaction around the OB should be important. A clean breakout and strong close above last monthâs high would give the bulls the confirmation Iâm looking for and weaken the bearish setup. Until that happens, Iâm staying patient and watching how price reacts at this level. The next move should tell us a lot.
I think the $BTC move makes more sense when you stop looking at the speech alone. The jump from $64K to $80K was largely driven by expectations around Treasury buying bonds and what the Fed might do next. Warsh didnât give traders the signal they were hoping for. Now BTC is back near $77.4K, with the $77.25K area becoming very important. If that level breaks, the recent rally could lose momentum quickly. This is also why I wouldnât overreact to every headline. The bigger issue is that traders were positioned for a friendly Fed message. When that message didnât come, some of those positions started coming off. For me, the next move is less about guessing what Warsh says and more about watching price. Iâll be watching BTC around $77.25K resistance closely.
$ENS must prove support before the bullish setup can be trusted. If the latest higher low breaks, the trend weakens quickly and the setup is off. For me, only a defended base combined with fresh buying pressure makes continuation worth considering. I donât want to chase strength just because the narrative looks good. Let price confirm the level, then react. If support holds and buyers step back in, the structure becomes much more interesting. Until then, patience beats guessing and protecting capital matters more than forcing a trade.