Sell pressure is finally easing after last week’s total wipeout.
Still early for a full trend shift, but it’s the first real positive signal we’ve seen since the breakdown.
From here, it’s very likely we eventually see a move back toward ~$100K.
But that level is going to be the real test:
• A hard rejection from $100K → strengthens the bear case, confirms another lower high, and keeps the macro structure heavy.
• A smaller rejection followed by a clean accumulation range → this is the scenario I favor, since it opens the door for a lengthening cycle and a stronger recovery base.
Bottom line:
Momentum is stabilizing, but the real battle happens at $100K.
Let price show its hand there.
BTC
87,289.08
+3.23%
