Bitcoin: Blood in the Streets – Now is the Time!Once again, there’s blood in the streets—and from this point on I start scaling into spot positions again, slowly but deliberately.
All of these are spot entries with soft stop-losses—not hard exits, but areas I’ll react to if needed.
So why now? For one, we’re sitting right above the 38,2% Fibonacci level for the ending of the wave A. At the same time, we’re about to tap into a daily Fair Value Gap, while trying to hold the range support—two important technical levels lining up on the higher time frame.
Below that, we have an untapped VWAP at $65.5K, which could act as a magnet, as it often does. And yeah—if we go under $62K or even $60K, the classic “time to work at McDonald’s” joke comes back. But seriously: in markets like this, you need to stay calm, have some humor, and most of all, know what’s possible.
So I’m cautiously watching the S&P 500 closely, which plays a big role in this setup for me.
That’s where I stand on BTC right now—careful optimism, grounded in context and reasoning for me.
