Previous Week:
BTCUSDT BTCUSDT.P
Bias:
Spot buyer within 93.5k–88k BTC zone. This is the key support region
Structure:
- Weekly fair value gap sits between 93.5k–88k
- Still trending lower, no reversal yet confirmed
- Weekly has swept previous ATH and rejected without displacement
Plan:
- Watch for Bitcoin to move into 93.5k–88k
- No trading Monday - sitting flat
- Iran’s retaliation risk still unpriced — major global risk looming
- Structure or weekly reaction will determine next steps
Macro:
- Global risk extremely elevated with increased escalation risk from a potential Iranian response
- Risk assets like crypto are broadly unattractive in this environment
- Capital preservation is still critical
A key issue I dislike about this structure is the similarities it shares with the 2021 bull run, where we swept previous ATH, failed to displace and then rejected and moved -77%
I do not think we will see a -77% move however but a scenario where this shares similar structure and we visit the 70-60s is without doubt a clear probability and one that must be acknowledged
This week will be absolutely critical to be patient and watch how the middle east situation evolves. We are heading into a potentially very dangerous and uncertain era so caution is critical
BTCUSDT BTCUSDT.P Bias:
Spot buyer within 93.5k–88k BTC zone. This is the key support region
Structure:
- Weekly fair value gap sits between 93.5k–88k
- Still trending lower, no reversal yet confirmed
- Weekly has swept previous ATH and rejected without displacement
Plan:
- Watch for Bitcoin to move into 93.5k–88k
- No trading Monday - sitting flat
- Iran’s retaliation risk still unpriced — major global risk looming
- Structure or weekly reaction will determine next steps
Macro:
- Global risk extremely elevated with increased escalation risk from a potential Iranian response
- Risk assets like crypto are broadly unattractive in this environment
- Capital preservation is still critical
A key issue I dislike about this structure is the similarities it shares with the 2021 bull run, where we swept previous ATH, failed to displace and then rejected and moved -77%
I do not think we will see a -77% move however but a scenario where this shares similar structure and we visit the 70-60s is without doubt a clear probability and one that must be acknowledged
This week will be absolutely critical to be patient and watch how the middle east situation evolves. We are heading into a potentially very dangerous and uncertain era so caution is critical
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.