Bitcoin has pushed into new all-time highs and is now testing the same resistance zone we saw back in December–January. While the breakout is technically impressive, price is stalling at the exact level where strong sell pressure previously kicked in.
Today’s weekly close is a key confirmation point. But the bigger issue? Next week is stacked with macro volatility — PPI, FOMC, and other data drops that could rattle risk-on assets.
⚠️ What I’m Seeing:
- Weekly RSI divergence continues to build
- Volume is drying up, not confirming the move
- Macro pressure is incoming — timing matters
🧠 My Bias:
I wouldn’t be surprised by a final liquidity grab into the $120K–125K range — enough to trap late longs and generate downside liquidity.
Personally, I’m de-risking. Not shorting yet — just locking in some gains.
Ask yourself: Are those extra 10% upside gains worth the risk of giving back 30%-50%?
Not calling tops. Just following structure.
Always open to opposing views — discussion sharpens conviction.
Don’t let euphoria cloud your perception.
📉 Stay safe out there.
Today’s weekly close is a key confirmation point. But the bigger issue? Next week is stacked with macro volatility — PPI, FOMC, and other data drops that could rattle risk-on assets.
⚠️ What I’m Seeing:
- Weekly RSI divergence continues to build
- Volume is drying up, not confirming the move
- Macro pressure is incoming — timing matters
🧠 My Bias:
I wouldn’t be surprised by a final liquidity grab into the $120K–125K range — enough to trap late longs and generate downside liquidity.
Personally, I’m de-risking. Not shorting yet — just locking in some gains.
Ask yourself: Are those extra 10% upside gains worth the risk of giving back 30%-50%?
Not calling tops. Just following structure.
Always open to opposing views — discussion sharpens conviction.
Don’t let euphoria cloud your perception.
📉 Stay safe out there.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.