I don’t know why, but I don’t feel confident after seeing this bounce.
When I open the chart, my first glance is towards that liquidity cluster - just below the previous highs. Around $82k area. It seems like the market has left something unfinished there. It’s as if the price is looking there again and again….. but doesn’t want to go all the way. And I’ve seen this kind of move before. The price will slowly rise, everyone will think a breakout is coming….. then suddenly a nasty sweep. Sometimes to get liquidity. Sometimes just to trap people on the wrong side. The funny thing is, the $79k region is still holding somehow. Even after so many retests, it hasn’t broken completely. It’s supposed to be bullish….. technically. But the market doesn’t respect technicals very often, especially when everyone starts seeing the same thing. I’m actually observing reaction more now.
Not move….. reaction.
Because if BTC shows a little strength from here again, then honestly that $82k liquidity probably won’t be safe. The market usually doesn't leave unfinished liquidity. There are stops, there is emotion, there are late breakout traders..... everything is stacked. But the other side is also going through my head again and again.
What if it loses $79k?
Then maybe it will revisit the monthly open first.
And the weird part is..... I think many people are not mentally ready for that dip. Everyone is still expecting a bounce continuation a little too much. This overconfidence is sometimes a problem. Honestly, looking at the chart, I get a déjà vu feeling. In such an environment, the market has built fake hope before. Slow grind up.... then sudden flush.... then everyone panics and then a reversal. Sometimes it seems that psychology is more important than market direction. Because candles come later.... emotion comes first. It still seems like BTC hasn't made a decision.
It's just testing the patience of traders.
And this kind of silence.... usually doesn't stay silent for long🚀
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