As you can see from the chart, BTC is rejecting from the range highs which sets up the next (and final) leg lower before we continue the bull run.
Despite the bounce over the last few weeks, all we've done is retested the area which we broke down from back in February.
Now this sets up a large move lower down to the lower support levels at
59K-$62k.
After we tag those levels, we'll continue our next move higher into 2026-2027.
Despite the bounce over the last few weeks, all we've done is retested the area which we broke down from back in February.
Now this sets up a large move lower down to the lower support levels at
59K-$62k.After we tag those levels, we'll continue our next move higher into 2026-2027.
Note
Possible that price bounces to 
97K here first before falling.Note
Alright, less likely now. Should just go straight down.Trade active
Playing the short idea through 
IBIT $50P for 5/16Note
There's the 97K level. Still think same outcome. Fake pump to pull in longs at the highs. 
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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.