$BTC — My Take
A lot of people think Bitcoin “crashed” from 126k to 80k and wiped out the entire rally from 75k. That’s just because they’re staring too close at the chart. Zoom out to the weekly and the picture changes completely — the real bullish leg started at 16k. This drop is still just a retracement inside a massive uptrend.
Now, here’s the part most people don’t want to hear: I don’t think this retracement is done. The structure still leans toward a broader corrective phase, and even a move toward 50k (or a little under) is still totally normal within the cycle. That doesn’t mean it will happen — it just means yelling “BTC is dead” is nonsense.
Long-term (monthly), I’m extremely bullish on Bitcoin.
Mid-term (weekly), not so much. BTC has followed the Nasdaq for 14 years, and stocks clearly aren’t done correcting, so expecting straight-up movement here is wishful thinking.
As a spot trader, even if I wanted to load up, I’d wait for the accumulation phase to finish and let the market play its psychological games. For shorters, the plan is simple: stick with the trend until the trend proves you wrong. Look for sell setups at mean-reversion or key reaction points — the zag zones I marked.
For spot buyers like me, it’s just level-to-level until we reclaim and hold above 93k.
Two steps up, one step down — and this “one step down” still hasn’t fully played out.
