$BTC

This is starting to feel a bit tired

that clean push we’ve been riding? not so clean anymore. trendline gone, 77.3K swept and didn’t hold. that was kinda the backbone of this whole move

also seeing CP flip red… not just once, but back to back. first time in like 3 weeks. last time we saw that was way down at 67K. that’s not nothing

this whole rally has basically been glued to US spot demand. when that slows… things just don’t hit the same

feels like some de-risking going into FOMC over the next couple days. wouldn’t be shocked at all to see both sides get wicked out, classic setup. they love doing that when everyone’s watching the same levels

personally, not super interested in forcing anything here

and honestly… this doesn’t feel like early trend anymore. more like late stage, where things still move up… but slower, heavier, more fakeouts

that 74.5K–75.5K range though, yeah, that’s the line for me

lose that cleanly and I’m not gonna pretend it’s still bullish

at that point… it’s probably done, at least for this leg

just how I see it right now