The price broke above the upper boundary of the $2,150–$2,350 resistance zone, after which it faced selling pressure and lost all its recent upward momentum 👎.
In the near future, I expect to see another price reaction from the upper boundary of the $2,350 resistance zone 📈, followed by a continuation of the correction in the local uptrend from $1,936, with the aim of accumulating trend-following buying liquidity.
🎯 Correction targets: $2,150, $2,050 and $1,950. Long positions from current price levels are not yet of interest.
It’s been a bullish week – prices rose from $70,800 to $78,300 📈, with positive developments coming from all fronts: geopolitics, the Bitcoin ETF, record-breaking purchases by whales, and the potential launch of the CLARITY Act. Bitcoin has shown that crypto can also rise 🔝 – the volume of short position liquidations is the highest since October 2025.
That’s all well and good, but what next?
🐂 Bullish scenario: for the price to continue rising, it needs to hold above the previous resistance level of $74,800; only then can we talk about a potential continuation of the uptrend towards $80,000–$82,000.
🐻 Bearish scenario: Over the weekend, Bitcoin lost all the upward momentum generated by recent news. The first trigger for the correction to continue would be a return to the upper boundary of the $74,800 resistance zone; the next trigger would be a drop below $70,800.
You guys know my medium-term outlook, and I’m not going to bet against the market, but jumping on the bandwagon at the last minute isn’t an option for me either. So for now, I’ll be keeping a closer eye 👀 on the technicals than on the news.
🎭 Friends, let me reiterate: our goal is to preserve and, where possible, grow our capital ahead of the most lucrative price movements in crypto assets. I’m not trying to push anything on you, nor am I encouraging you to trade 24/7 by opening thoughtless trades. Anyone interested in crypto and the market, anyone who wants to make a name for themselves here, will understand me. #WhatNextForUSIranConflict #RAVEWildMoves #Kalshi’sDisputewithNevada #USInitialJoblessClaimsBelowForecast #BitcoinPriceTrends
Bitcoin may be confusing for many people at the moment 🧐, because we currently have two sideways trends on the lower timeframe, which leaves plenty of room for manipulation:
1️⃣ The first is the resistance zone of $70,800–$74,800. Here, the price is testing the upper boundary (highlighted in grey).
2️⃣ The second is the intraday range of $73,500–$76,000. Liquidity has been withdrawn from yesterday’s low.
Barring any negative news, there is a greater likelihood of a pullback above $76,000💲.
But there’s another factor to bear in mind here: the crypto market is currently brimming with optimism 👍, even though funds are focusing on new altcoins. All sorts of rumours are flying around, and influencers are predicting that alt season is just around the corner. That’s why I prefer to take small positions rather than entering the market on a whim ‼️.