Bitcoin is at a key level. Staying below the shaded pink box will remain bearish. I will be staying out until certain levels are hit. See notes on chart.

Bitcoin - The big picture, 73k is a good place for adding some long term BTC

7 hours later Bitcoin did just what I said in my previous post.

Bitcoin looks like it wants to turn bullish, but price needs to break the resistance (Pink shaded box) otherwise, it would make sense to reach for the PYL liquidity below (circled areas)

Bitcoin - Prior day high just swept. Lots of liquidity in the circled areas.

Hmm, wonder why Bitcoin price stopped just short of the prior year low? Lots of liquidity sitting there, hint hint 😉

Believe or not Commercial has increased their Bitcoin long positions. Take what you want from this data.

🍿Politics SMH... the U.S is in a down economy by design, not because of the Dems or Reps. but because Fed Jerome Powell needed to raise interest rates to slow the economy in order to slow the inflation rate. The interest rate squeeze needed to stay in place until the economy showed signs of weakness. Now that it is showing signs of weakness Powell is slowly reducing the interest rates. The current election tactics was throwing smoke and mirrors at you.

No words needed.

Crack In The World · Sammy Hagar - listen to the lyrics and tell me that isn't weird. 2025

Breakout traders might be sweating this one.

Bitcoin - Pay attention to levels105k and 101k wink wink