I remain bullish. The current pullback looks like a local correction, not a full reversal.
My main target is still 66k+, unless something major changes in the market.
I already locked in some profit, and Iโm still looking for long opportunities around key zones. The strong bearish sentiment and many shorts make me more confident in the long setup.
Spot BTC accumulated around 62k. ETH long remains active.
A pullback would not be surprising after the recent bounce, but the broader picture still looks like a bottoming process rather than a major breakdown.
One of the reasons I remain constructive on Bitcoin is shown in this chart.
The purple band represents the estimated weighted production cost of BTC. Historically, major bear market lows and cycle corrections have found support near this region.
The idea is simple: when price approaches or falls below miners' production costs, selling pressure tends to decrease because many miners become unprofitable. That often creates a natural floor under the market.
Nothing is guaranteed, but as long as BTC remains near this cost basis zone, I find it difficult to build a strong bearish case for a collapse below 50k.
The market can always overshoot, but historically these areas have been opportunities, not reasons for panic. ๐ #writetoearn #Write2Earn! $BTC
The market has now fully lost the 74.2k key level and the purple support zone that many were watching for continuation. As long as price remains below those levels, the burden of proof belongs to the bulls.
Right now, BTC has entered the macro demand region between roughly 63kโ69k. This is the first area where a meaningful reaction can occur, but entering blindly is not the same as having confirmation.
A bounce from current levels is possible. However, after such an aggressive selloff, patience is often more valuable than speed. A true reversal should show strength, reclaim lost levels, and hold them.
Key zones I'm watching:
๐ 67kโ68k โ Current reaction area ๐ 65kโ66k โ Strong interest zone ๐ 63kโ64k โ Lower boundary of macro support
For now, I remain cautious. Catching bottoms is exciting, but preserving capital is what keeps you in the game.
The next move isn't about predicting the exact low.
It's about waiting for the market to prove where the low actually is. ๐โณ
The market gave the expected reaction from the long zone, but not the continuation.
Price reached the first target, then lost the level and invalidated the setup. No reason to force trades when the market clearly says otherwise.
For now, I remain bullish on the higher timeframe, but neutral on the daily until a new base is formed and strength returns.
The best trade right now is patience.
No interest in chasing shorts into fear after already capturing the larger move down. Waiting for the next high-timeframe zone of interest and a clear confirmation before re-entering.
Price has already swept below the 71.9k level, reaching the 71.8k region, but the setup we're waiting for still hasn't appeared.
The market is doing what it often does before a major move: building liquidity, triggering stops, and testing traders' patience.
For now, I'm not interested in chasing price.
๐ Previous buy zone: 72.5kโ71.9k ๐ 71.9k has now been swept ๐ Watching the low 70k region for the next potential long opportunity ๐ Bullish thesis remains valid as long as the higher timeframe structure holds
The lower we enter inside the demand zone, the better the risk-to-reward becomes.
The market has now returned to the exact demand zone we've been monitoring.
The first key buy area around 72.5k has already been tagged, confirming that price is trading inside our long region. This is where patience matters most.
Could BTC bounce from here and continue higher? Absolutely.
Could we see one final liquidity sweep into 71.9k before the real expansion begins? Also possible.
For now, I see no reason to chase price aggressively. The best trades come when the market enters your zone, not when emotions enter your mind.
๐ Current long zone: 72.5kโ71.9k ๐ Main support: 71.9k ๐ Bullish objective: reclaim 74.2k and push toward 75kโ76k