We’re entering a pivotal window on the Bitcoin chart, the monthly close, Q2 close, and 6-month candle all lining up. This kind of macro convergence rarely goes unnoticed by the market and often marks major structural shifts.
BTC has failed multiple times to break through key highs, and with momentum fading into this close, I’m leaning short heading into Q3. Even if price wants to trend higher later this year, I expect that move to begin from a deeper wick, not from the top of the current range.
I’m watching the 103K level closely. A break below it could trigger a swift drop toward 95K, possibly lower depending on how the new monthly opens and reacts. That would line up with the idea of a strong lower wick forming on the new 3M or 6M candle.
This isn't a long-term macro short, just a high R setup where structure, timing, and context are aligning. I believe this move starts today or very soon. The next few candles will speak volumes.
BTC has failed multiple times to break through key highs, and with momentum fading into this close, I’m leaning short heading into Q3. Even if price wants to trend higher later this year, I expect that move to begin from a deeper wick, not from the top of the current range.
I’m watching the 103K level closely. A break below it could trigger a swift drop toward 95K, possibly lower depending on how the new monthly opens and reacts. That would line up with the idea of a strong lower wick forming on the new 3M or 6M candle.
This isn't a long-term macro short, just a high R setup where structure, timing, and context are aligning. I believe this move starts today or very soon. The next few candles will speak volumes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.