$BTC Big high timeframe market structure breaks never go easily.
Often we see BTC chop around and sweep local highs as it is slowly creeping up. Many people try to front run both the breakout and a potential breakdown, causing a lot of squeezes and choppy price action.
But even in a bearish scenario, I do still think it makes a lot of sense for BTC to take out that $83K high from a liquidity perspective.
Personally though, I suspect that break leads to further squeezing/buying which likely brings this higher.
We will see next week. My invalidation remains $74K in the short/mid term.
🇯🇵TODAY: Yen jumps 1.5% vs. USD as BOJ rate-hike expectations SURGE
The yen strengthened after the Bank of Japan signaled it could raise rates by 25 bps this month, with officials increasingly focused on persistent inflation and a weaker currency.
The move could also reshape Asia’s carry trade: BBVA says further BOJ hikes may push traders to replace the yen with the Chinese yuan as the region’s main funding currency.
🇦🇪 Standard Chartered is bringing institutional crypto trading to the UAE.
The $447B global bank is now offering eligible institutions spot trading in Bitcoin and Ether through its electronic trading channels.
This is bigger than another bank entering crypto.
A major global bank is putting regulated BTC & ETH access directly into the hands of institutional investors in one of the world’s fastest-growing digital asset hubs.
Institutional crypto adoption is moving from headlines to infrastructure.
Are we entering the next phase of institutional Bitcoin adoption? 👀