$BTC / Bitcoin
So yeah — that short-term bounce after the brutal dump is playing out. Honestly, no surprise there.
The real question now is simple: where does this bounce actually stop?
Some of those sell candles were massive. And market makers don’t usually leave that much liquidity sitting there without squeezing a bounce first. A relief move was basically inevitable.
But zoom out for a second and compare this local top with the structure we saw after the $126K ATH. It should look very familiar.
👉 Sweep above key resistance
👉 Trap late longs
👉 Squeeze shorts
👉 Then flush hard
After that? A weak bounce… and continuation lower.
That’s exactly what happened around $94.5K. A textbook fake breakout — everyone piled in, confidence was sky-high, and then the market pulled the rug.
Right now, I’m not chasing anything. I’m watching to see where this bounce runs out of steam.
Best-case scenario for bulls:
Clean reclaim of $90.5K
Acceptance above $92.5K
One more liquidity sweep toward $94.5K
Those are the same levels from the original run-up to $94.5K:
$90.5K – first reclaim that actually matters
$92.5K – major resistance, needs real acceptance
$94.5K – the real line in the sand
If BTC can break and hold above $94.5K convincingly, that invalidates the bearish structure and puts momentum back in the bulls’ hands.
Until then… this still looks like a bounce inside a larger move, not a confirmed trend reversal.
Relief rally — or the start of something bigger?
Market Snapshot
BTCUSDT (Perp): 87,921.1 | -2.02%
$HANA / HANAUSDT (Perp): 0.02305 | +74.35%
$PIPPIN / PIPPINUSD
