BTC's structure, stop blindly going short now


The structure has indeed shifted to a bearish stance, but don't chase just because it drops.
Once the Clarity Act news came out, it broke through 79K, confirming a local top.
I've seen this script countless times—"buy expectations, sell facts," always the same.
Then a rebound to 78K, another lower high.
Followed by a drop to 74K, sweeping through all the recent long stops and short squeezes.

🚨 Focus here:
Next, watch whether the lower timeframe can regain above 74K.
If it can, there will be a retest targeting the bearish structure, first aiming at 78K (this week's open), then the CME gap at 79K.

But if it can't hold above 74K, then it's a different story. [Embarrassed]

🧊 Don't lose sight of the bigger picture:
· Daily chart: Bearish bias
· Weekly chart: Testing key support
· Overall: Looking for lower highs to build the case
· Reversal to bullish conditions: Close above 80K

🔁 Two possible paths:
1️⃣ Form another lower high → target heading below 70K
2️⃣ Hold the 74-76K weekly support → structure can still push upward (but currently less likely)

Understanding the structure is a thousand times more important than guessing the direction.
BTC1.51%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned