🟢 #BTC - EXPECTING RELIEF BOUNCE TOWARD $ 100K ZONE FIRST 📈
Technical Structure: [H4 view]
🔴 Global: Bearish 📉 [Bear flag forming]
🟡 Weekly: Neutral zone (Kumo + multiple key levels)
🟡 Monthly: Corrective phase ongoing 📉
Macro Backdrop:
Bond yields dropping → Capital rotating into risk assets → Crypto benefits ✅
Silver ATH ✅📈
Gold ATH ✅📈
And $BTC ??? 📈
My Read:
Short-term FUD is likely nearing exhaustion. BTC pushed into weekly oversold territory (Ichimoku) while holding critical support zones. The bond market + strong weekly neutrality suggests we're setting up for a relief bounce.📈
Key Retest Levels:
We haven't retested broken support turned resistance yet:
• 98,000− 100,500🎯
• Or even 103,500 🔴
My Scenario:
📈 Relief bounce toward $100K zone (retest within bear flag structure)
→ Then confirms next leg down toward 70,000− 71,000 📉
This 70K− 71K zone = healthy correction within the broader bull cycle, not a trend reversal. 📉
Stay patient. Structure > emotions.
In such difficult & neutral areas, experience matters.
⚠️ Not financial advice - DYOR.
