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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.