We have now closed our short position.
BTC has completed a corrective leg from the recent highs and is now reacting off major weekly trend support.
Key observations:
• Price has pulled back into the ascending weekly trendline that has held since the cycle low
• This zone also aligns with prior range value + horizontal support (~85k–90k)
• Momentum shows correction, not distribution – structure remains intact
Bias:
• As long as BTC holds above the weekly trendline, this looks like a high-timeframe higher-low rather than a trend change
• A sustained hold here opens the door for a continuation leg back toward 110k+, then ATH expansion
Invalidation:
• Weekly close decisively below trend support would shift bias to a deeper retracement toward the low-80s
Plan:
• Patience at HTF support
• Let price confirm before sizing aggressively
Trend intact until proven otherwise.
BTC has completed a corrective leg from the recent highs and is now reacting off major weekly trend support.
Key observations:
• Price has pulled back into the ascending weekly trendline that has held since the cycle low
• This zone also aligns with prior range value + horizontal support (~85k–90k)
• Momentum shows correction, not distribution – structure remains intact
Bias:
• As long as BTC holds above the weekly trendline, this looks like a high-timeframe higher-low rather than a trend change
• A sustained hold here opens the door for a continuation leg back toward 110k+, then ATH expansion
Invalidation:
• Weekly close decisively below trend support would shift bias to a deeper retracement toward the low-80s
Plan:
• Patience at HTF support
• Let price confirm before sizing aggressively
Trend intact until proven otherwise.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.