When BTC hit 60k in January, we were talking about a frustrating range and traps. Why? Because, as you remember, we discussed that the market does not just go straight down. Market makers need liquidity. They couldn’t just dump the market straight down because there was no liquidity left below 60k. So, they generated liquidity by pumping the market, so that more and more people would buy and place their stop losses below 60k. So now, what we are seeing is that the market is in a range actually, it’s not just ranging, but building up liquidity. We have pending FVGs above, and the market can still move up to tap those FVGs. Imo the crypto bottom is not in yet You can see a btc chart slow shatirs UP and elevator Down(Sharp drop) on HTF I am still bearish on HTF
Many analysts and traders refused to accept this outlook, largely because their egos were tied to earlier predictions of an altseason and a massive bull run. I repeatedly asked them: “Will you accept it now, or is your ego still getting in the way?” Meanwhile, they continued buying every dip as the market kept declining.
When Bitcoin dropped to around $80K, I clearly stated that it wasn’t the bottom. I anticipated a lower high in the $97K–$100K range to trap more participants, warning that every rally would likely be a bull trap. That’s exactly what happened—a bounce toward $97K followed by another leg downward.
I then outlined two downside targets: $74K and $65K—both of which were reached. After that, I explained in my market updates that Bitcoin would likely consolidate between $60K and $80K before another potential capitulation. Even if we see a final push toward $79K–$85K, it would likely serve as another trap rather than a true breakout.
So why do I expect further downside? Because the overall market structure remains bearish.
I also highlighted stress in the repo market, where the Fed has been injecting liquidity into banks while broader liquidity conditions remain tight.
At the same time, oil prices are elevated and global tensions are increasing, raising the risk of persistent inflation. As a result, markets are no longer expecting rate cuts in 2026.
As for equities, I maintained a bearish stance, anticipating a 15–20% correction. Stocks were significantly overvalued, and we’re now seeing notable declines—particularly among the “Magnificent 7.”
Despite current weakness, Bitcoin has still been one of the best-performing assets and may continue to outperform traditional markets over time.
Ultimately, market makers often exploit emotions, leading many traders into poor decisions.
Moral of the story: Trading isn’t for everyone—it demands discipline, patience, and strong emotional control.
Bitcoin had a hard time sustaining the support on 6th Feb. As expected in the we precisely formed a HTF bottom at $60,000 level on 6th and went up and closed above the weekly support level.
Now we have a considerable wick on weekly candle which is going to get filled in coming days or weeks. i still believe $60,000 wasn't bottom for BTC. Its a bull trap BOS remains same at $76,993. #BTC #cryptobyMN
Trading isn’t based on just one concept. Sometimes you trade market structure shifts (MSS), sometimes ranges, sometimes breakouts, and other times liquidity or CISD
I’m expecting a ranging market for a couple of weeks or even months before breaking below 60K, but I’m closely monitoring geopolitical developments. I may change my thesis if we see any fundamental changes We’re seeing some crazy price action on Bitcoin. I’ve seen this kind of behavior many times before, and when the price moves like this, it often signals that a major move is coming.
Now, could that move be to the upside? First, there’s no significant liquidity left above. We’ve already taken the range highs liquidity, and we’ve also retraced 50% on the daily. The only thing left above is some pending FVGs that’s it.
Meanwhile, we’re building significant liquidity on the downside.
Second, the macro situation looks very bad. Iran reportedly shot down two US jets today, and the escalation is intensifying rapidly. I’ll keep you updated if anything changes
$BTC The market is currently experiencing a sideways movement. I warn you against impulsive long positions, noting a lack of liquidity above current levels. I expect a potential drop back to the $63,000 range or lower, targeting $65,000 for a possible short setup #BTC #Toptrader