$NEAR has touched MA25 and faced an immediate rejection, leaving a long upper wick — a classic sign of strong seller presence at resistance. Momentum failed to follow through, increasing the probability of a downside continuation.
Your read is spot on. This is textbook price action. Why this setup is strong: Liquidity sweep at $0.2508 → weak hands flushed Strong impulsive reclaim back toward $0.278 Current dip = healthy pullback, not distribution Higher low formation confirms bullish structure As long as price holds above $0.26, bulls remain in control.
$WIF is showing a strong bullish reaction with momentum building steadily. Price has broken out cleanly from consolidation, buyers stepped in aggressively, and candle expansion confirms strength. Market structure remains healthy, suggesting continuation upside as long as reclaimed support holds.
Bias: Bullish Momentum: Strong — Bulls in control
Trade Setup (Long)
Entry Zone: 0.37 – 0.39
Targets:
TP1: 0.42 TP2: 0.48 TP3: 0.55+
Stop-Loss: Below 0.35
Execution Notes
Ideal entry on shallow pullbacks into the zone
Partial profits recommended at each target
Trail stop once TP1 is secured
As long as price holds above reclaimed support, another leg higher is very likely. Trade with patience, respect risk, and let momentum do the work
Hut 8 (a major Bitcoin mining and infrastructure company) has signed a 15-year lease agreement for a huge data center in Louisiana, valued at about $7 billion.
This deal is with Fluidstack (an AI/compute firm), and Google is providing a financial backstop — meaning Google guarantees payments and obligations under the lease.
The first phase covers 245 MW of IT capacity and can expand substantially as additional options are exercised.
What This Really Is
It isn’t Google buying Bitcoin or directly mining Bitcoin with Hut 8.
Instead, it’s a big infrastructure deal that supports AI data centers and compute resources — capacity that could also be used for mining and other energy-intensive workloads.
Hut 8 itself is shifting from pure Bitcoin mining toward broad digital infrastructure and AI data centers while still retaining mining operations.
Market Reaction
Hut 8’s stock has jumped significantly (20 %+ premarket gains reported) following the announcement, showing investor enthusiasm.
Implications for Bitcoin
Bullish aspects: ✔️ Shows major tech firms willing to support crypto-related infrastructure ✔️ Highlights growing institutional interest in blockchain & high-performance computing
But important clarification: This is not Google directly investing in Bitcoin or Bitcoin mining capacity in a simple sense — it’s backing data infrastructure that could support many use cases. No confirmed $4 trillion valuation or direct Google mining JV reported.
$WBTC / USDT — Range Hold & Potential Rebound Setup (1H)
WBTC is trading around 86,883, stabilizing after a sharp sell-off and forming a short-term base on the 1H timeframe. Price is holding firmly above the 86,000 support zone, where buyers are attempting to regain control. Current structure suggests consolidation before the next directional move.
Entry Zone: 86,400 – 86,900
Targets:
TP1: 87,600
TP2: 88,500
TP3: 89,800
Stop Loss: Below 85,700
Trade Logic: Holding above 86K keeps the recovery structure intact
A clean break and hold above 87,600 can trigger upside continuation toward 88.5K – 89.8K
A loss of 85.7K invalidates the setup and shifts the bias bearish
Strategy Notes:
This is a range-hold → rebound setup, not a breakout chase
Consider partial profits at TP1 and trail the rest if momentum expands