## Bitcoin Price Analysis: What's Next After the Fakeout?

Let's dive into the price action of BTCUSD on the weekly chart. We witnessed a failed attempt to hold above the last all-time high, which can be classified as a swing failure or fakeout.

## Trump's Tariff Delay: A Non-Event?

The recent price movement was largely driven by Trump's announcement to delay tariffs on EU goods. However, it's essential to note that this news is not a game-changer, and the market's reaction might be short-lived.

## What to Expect?

To better understand the market's direction, let's examine the daily chart. With the news breaking right before the weekly close, traders are now chasing the market. Considering today is Memorial Day in the US, it's wise to observe the price action for a day or two to determine if this move is driven by news or has genuine upside potential.

## Two Possible Scenarios

I've identified two possible scenarios $#MarketRebound #Bitcoin2025 #BTCBreaksATH110K #TrumpTariffs to play out:

1. *Hold and Breakout*: If the price holds above the current level, I won't chase it immediately due to the news-driven move and weekly fakeout. However, if it holds the previous all-time high, we might see new highs.

2. *Pullback Scenario*: A rejection from the current level could lead to a pullback into or under $100k.

## Conclusion

These two scenarios will guide my next trade setups. Whichever direction the market takes, I'm prepared to adapt and respond accordingly.

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