Nothing significant has changed since my last update on $BTC. Price action is still moving in a sideways range, showing consolidation rather than direction — at least for now.
However, today’s news reaction was unexpected.
This wasn’t about geopolitical tension or macro fear. It was about Powell.
After news related to a criminal probe and accusations that executive pressure is being applied because rates are not being lowered, many expected risk assets to react negatively. Instead, we saw something very different.
$BTC bounced, and the S&P 500 held firm around last week’s closing levels.
What Does This Tell Us?
To me, this signals one clear thing:
👉 The market is extremely bullish.
Even headlines that would normally create downside pressure are failing to push prices lower. That kind of reaction usually happens when buyers are already positioned and confident.
On lower timeframes, the current bounce in $BTC looks like short covering. Weak shorts are being forced out after betting on downside continuation.
Key Level to Watch
If spot buyers start stepping in around the $92,000 resistance, the next logical move would be a fast push toward $98,000, potentially much sooner than most expect.
Momentum doesn’t need perfect news — it needs demand.
For now, price holding up during negative headlines is a strong signal in itself.
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