When $BTC cooperates with your long position... rare W in this market.
BTC holding 63k while everything else bleeds? Classic Bitcoin being the main character again 😂
Meanwhile my altcoin bags are having an existential crisis
$BTC is holding above the $63,000 level.
US stock futures are down along with DXY and Oil.
Pre-market stock trading insights:
▫️Nasdaq futures is down 1.13% 🔴
▫️S&P futures is down 0.32% 🔴
Solid TA. The 200EMA + golden pocket combo at 78k is where I'd expect rejection too.
$BTC
I'm still expecting a relief bounce to retest some of the recent breakdown levels.
Price has started to stabilize after the recent selloff, while volatility on the weekend remained relatively low.
But that should change later today or at the latest tomorrow as liquidity returns to the market.
If we get the bounce I'm expecting, the first level to watch will be the monthly open. A rejection there would likely lead to a relatively quick bearish continuation, where a sweep of the recent low at $72.5k becomes increasingly likely.
If price, on the other hand, manages to reclaim the monthly open, we should see a move into the key breakdown zone between $78k and $79k.
This area is not only our main liquidity target, but also lines up with multiple bearish confluences such as the Fibonacci Golden Pocket and the 200EMA.
This remains my primary scenario and the area where I believe the formation of a lower high is most likely.









