Current Setup:
Weโre still under pressure post-structure break, but price is hovering above the previous ATH zone โ a key high-range level that defines what comes next.
๐ Why this zone matters:
If it holds โ weโre looking at a potential continuation of the macro bull cycle + altseason ignition.
If it breaks โ expect deeper correction and a long grind back up.
๐ Bullish Scenario:
โ Break of local downtrend
โ Retest + reclaim of lost range
โ Formation of a mini-cycle above ATH zone
๐ This opens up the path toward new all-time highs.
๐ Bearish Scenario:
โ No bid โ price sinks below range
โ Lack of accumulation โ weakness confirms
โ Room for a flush down to $40โ50k mid-range zone
โ๏ธ Triggers to watch:
โ Breakout of downtrend on lower timeframes โ first signal
โ Retest + hold above range โ bullish confirmation
โ Fakeout below + strong reclaim โ also valid if no lower lows follow
๐ก Still leaning bullish if key levels hold, but playing strictly by confirmation.
Medium timeframes remain under pressure โ so stay sharp.
Weโre still under pressure post-structure break, but price is hovering above the previous ATH zone โ a key high-range level that defines what comes next.
๐ Why this zone matters:
If it holds โ weโre looking at a potential continuation of the macro bull cycle + altseason ignition.
If it breaks โ expect deeper correction and a long grind back up.
๐ Bullish Scenario:
โ Break of local downtrend
โ Retest + reclaim of lost range
โ Formation of a mini-cycle above ATH zone
๐ This opens up the path toward new all-time highs.
๐ Bearish Scenario:
โ No bid โ price sinks below range
โ Lack of accumulation โ weakness confirms
โ Room for a flush down to $40โ50k mid-range zone
โ๏ธ Triggers to watch:
โ Breakout of downtrend on lower timeframes โ first signal
โ Retest + hold above range โ bullish confirmation
โ Fakeout below + strong reclaim โ also valid if no lower lows follow
๐ก Still leaning bullish if key levels hold, but playing strictly by confirmation.
Medium timeframes remain under pressure โ so stay sharp.
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.
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.