Although I’ve remained cautious on $BTC since losing the H4 200 MA and hovering around the range lows, there are a couple of charts I’m finding increasingly difficult to ignore, particularly given the confluence between them.

First, $USDT.
We’re currently trading into a major weekly resistance level. A rejection here could potentially form a lower high, keeping the bearish market structure intact. This would be a constructive development for risk assets and could provide some much-needed relief for the market.
Second, #TOTAL3.
As I’ve already covered, we’ve recently seen a significant bullish shift in market structure. However, price is now approaching a key level that needs to hold if we’re to maintain that bullish outlook.
Historically, since 2023, we haven’t seen these EMAs flip bullish without subsequently printing new highs. They’ve recently crossed bullish for the first time since the highs in Q4 last year, approximately 300 days ago.
That makes a bounce from this area a realistic scenario, although, of course, nothing is guaranteed.
Putting it all together, I’m getting ready to pull the trigger and start buying back into the market.
I was hoping, and still am, for a deeper correction across $ALTS to provide better entries and an opportunity to accumulate more. However, in a bull market, being too patient and waiting for the perfect dip can sometimes be just as costly as chasing price.
I’m not abandoning caution, but the confluence across these charts is becoming increasingly compelling. It’s time to be prepared to act if the market gives us the confirmation we’re looking for.