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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.