The market at the beginning of the week is too green, so I will share some perspectives with you this week.
$BTC has just surpassed the threshold of 74,000 USD today, a signal that indicates short-term buying pressure is still holding quite well.
However, what is more noteworthy is not this breakout, but the next price range that the market is heading towards: 75,000–76,000 USD.
This is not only a strong technical resistance area but also a region with significant psychological meaning, especially when associated with the price level mentioned along with Michael Saylor's buying position.
In my view, this is not necessarily a zone to be overly excited about. On the contrary, it could be where the market creates a false sense of confirmation for the bulls.
The scenario I lean towards more is that Bitcoin will have a slight push above 76,000 USD to sweep liquidity and activate more FOMO sentiment before sharply reversing. This pattern is quite similar to the developments in January 2026, when prices also created a feeling of preparing to enter a new upward phase but quickly reversed.
If this scenario repeats, the breakout above 76,000 USD may just be a bullish trap rather than a signal confirming a sustainable trend. And after completing that liquidity absorption phase, the market is entirely capable of entering a deeper correction, even pulling prices below the 60,000 USD range.
For me, this is still a phase to closely observe price reactions rather than hastily believing in breakouts.
#BTC
