$BTC with a sonic boom, trading over $69,000 in the New York session.
Everyone seems confused about the move, but @Crypto_LUX already talked about this over the weekend at $67,500 — that BTC could shift structure on the 4H and daily and start a relief rally toward $84,000, right?
Yes, we closed our short around that point and clearly mentioned that I was looking for a bullish rally toward the $80K zone. The market consolidated over the weekend and then looked weak again. Today, when the market opened, I posted the BTC scenario again. I clearly mentioned that if the price closed on the trendline, I would expect a quick recovery — especially since the market faced strong selling pressure around $65,500.
And that’s exactly what happened. A quick bounce, and now we are trading around $69,000.
Now the real question: what’s the next move?
First, look at dominance. It is approaching a strong support around 7.3%. Once that level breaks, I’m looking straight toward the $84,000 target — nothing less. We can still see some bounce or hesitation around that zone, but the primary target remains $84K.
That’s the bullish scenario.
But wait — what if dominance holds that level?
If dominance holds, BTC could enter consolidation inside the previous weekly range, roughly $66,500–$68,000. In that case, a rejection from around $70,500 could lead to a short-term downside move back into that range.
Remember, dominance usually moves inversely to BTC and major alts, so always study dominance before concluding the next move.
Hope you guys understand the idea. I’d really appreciate it if you support the work — drop a like and comment your opinion and your take on the market.
Also, make sure to "LIKE" and repost so it can reach more people if you find it worthwhile. And if you want to discuss crypto and the market in real time, we have a chat room on Binance — feel free to join us there.Click here to join chat room by Crypto_LUX