Looking at $BTC here, the structure is actually very simple, but emotionally it’s frustrating. Price has already tapped the 94k zone three times, and each tap was met with aggressive selling, you can clearly see where supply keeps stepping in. After the breakdown of 90k, the market tried twice to reclaim the 90k region (Now a RBS level), and both times that exact level, where selling pressure previously originated, rejected price again. That tells me 90k is not just a number, it’s a decision level. If BTC manages to reclaim and hold above 90k, I fully expect another rotation back toward 94k, nothing fancy. At the same time, the slow, sideways grind and slow correction and market holds 84k level pretty well and the more we stay sideways before the breakout of 94k the better the rally would be IMO. My stance stays the same, the pre New Year rally was pending, but not before the market took everyone out, and honestly, it already did. From here, we can see a small relief rally if reclaims back above 90k (SBR level), and every repeated tap into 94k weakens that resistance over time, staircase accumulation against it eventually flips it into support and leads to a breakout. But until that happens, downside risk is still real, and below these levels, new lows on BTC remain on the table. With metals stealing all the attention right now, I’m being honest, I’m not that hopeful on BTC or crypto just yet. I’ll believe it when price proves it. Until then, lets just play level to level.
