- After the $60k range-low touch and mass short liquidations, BTC is forming weekly bullish structure; holding $80k matters, while failure could trigger a $75k sweep.
- Daily price has broken its local range and repeatedly sold off at resistance; ETF outflows and global uncertainty add pressure, with $80.6k now a key reclaim level.
- The author sees these discounted levels as worth only a small risk allocation, while cutting size and waiting for Fed, PCE, GDP, and tech-capex data.
Investment pitches
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63 67 - BTC fell from $86.5k to $80.5k amid $450m of ETF outflows, hawkish FOMC minutes and weak risk appetite, but the author views the roughly 7% pullback as a bullish-structure opportunity.
- Higher-timeframe range resistance, the nPOC and key support/resistance held; BTC reclaimed the lower-timeframe value-area low, where the author is long, and pushed above $83k.
- The immediate test is the lower-timeframe range low and support zone: losing it could reopen $80.5k, though the author considers that low probability. Mid-range resistance and range highs remain likely reaction zones, with a potential SFP near the Yearly Open.