We are now two weeks into 2026. The broader crypto market structure looks like this:
- Nearly two months at the trendline support zone after ATH in early October.
- Breaking out of the downtrend after bouncing off the bullish trendline, could be the start of the next leg up for the crypto market?
- $3.68T would be the next significant level for the upside to target. Equal with the left shoulder set in December '24.
- Macro looks in support of the bulls, the FED now expanding the balance sheet introduced liquidity into the market again. It is likely that the cutting cycle continues this year towards the Mid-terms in November.
- For the bears it's a case of capitalizing on the momentum by pushing price through the trendline support. For me, that would be confirmation of a bearish HTF trend as structurally BTC would have lower highs and lower lows + a trendline break.
- Nearly two months at the trendline support zone after ATH in early October.
- Breaking out of the downtrend after bouncing off the bullish trendline, could be the start of the next leg up for the crypto market?
- $3.68T would be the next significant level for the upside to target. Equal with the left shoulder set in December '24.
- Macro looks in support of the bulls, the FED now expanding the balance sheet introduced liquidity into the market again. It is likely that the cutting cycle continues this year towards the Mid-terms in November.
- For the bears it's a case of capitalizing on the momentum by pushing price through the trendline support. For me, that would be confirmation of a bearish HTF trend as structurally BTC would have lower highs and lower lows + a trendline break.
Nota
Retesting the Trendline, I do not like the look of the previous candles wick. The bears are still very much in control here and momentum is with them. Declinazione di responsabilità
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
