CRYPTO MECHANIC

The stock market opened with almost a 1% gap up on the news of a possible peace deal between Iran and the US.
But honestly, this isn’t really something new. We’ll probably still be reading the same headlines in 2030.

Stocks just made another all-time high, but Bitcoin continues to struggle. It is still trading almost 40% below its all-time high.
Anyways...
I’m going to keep this week’s update very short and straightforward.
Before we talk about the current picture, let’s quickly look at what we discussed in last week’s update.

We discussed that $75k would be a key zone to watch, as that’s where the daily higher low stands. Price dipped into that zone and held it nicely.
Now let’s see what we can expect next from the market.
BTCUSD (weekly)

Nothing much to discuss on the weekly chart. Price needs to reclaim $78400 then we can expect it is ready to move and break that $82900 ish high.
BTCUSD (Daily)
If you bought the $75k dip we discussed last week, good for you.

The daily internal structure on Bitcoin is still bullish, as price continues to hold above the $75.8k-ish higher low.
We also saw a sweep of the higher low, similar to what happened around the $65k zone. At that time, $65k was the most recent higher low, and now that level is around $75k.
Can price do the same thing it did after the $65k sweep?
Yes, that’s definitely possible as long as the overall structure remains intact.
The only thing I don’t like is that the bounce we saw over the weekend was mostly news-driven (peace deal headlines). So this week should uncover a lot about the market’s real strength.

The low $75k will be something important to watch going forward.
As long as price is above that on the Daily chart, you can continue to be Bullish if you're.
BTCUSD (12hr)

Bitcoin is currently trading between two important zones:
• Daily higher low — $75k
• 12H lower high & weekly zone — $78.3k
In my opinion, these are the key levels to watch this week and moving forward.
If price breaks and holds above $78.3k, you can expect continuation to the upside.
If price breaks and holds below $75k, then more downside into the $71k–73k zone becomes likely.
If you didn’t catch the $75k sweep, then in my opinion your next buy setups will either be above $78.3k or if price dips back into the $75k area again.
That’s pretty much it for this Bitcoin update.
Let me know what do you think, your opinions are Always welcome

Bitcoin has had a strong 5 weeks to the upside, but now it looks like the bears are trying to take control. Without wasting any time, let’s jump straight into the charts, see what’s going on, and what we can expect next.

BTCUSD (Monthly)

To be honest, I don’t see much reason to look at the monthly chart right now because the monthly trend is bearish, and it would take months for the structure to shift.
The only thing I want to point out is the circled area on the monthly chart. This could turn into an underside retest, and the reason I’m saying that is because the weekly chart did something similar when it broke the weekly bullish structure.

The weekly chart broke its structure when Bitcoin dropped below the $98k–100k range, and after that it gave an underside retest before continuing lower. The monthly chart is kind of doing the same thing right now.
Is it a concern? Yeah, I think so. But am I worried? No, because I don’t trade based on the monthly chart, so it doesn’t really bother me much.
BTCUSD (Weekly)

In last week’s update, I said Bitcoin is fine as long as it can hold above $78k. But personally, I’m not looking to buy anything here. I’d rather look for selling opportunities because the overall weekly trend is still bearish, and the bears will try to defend that structure.

And i publicly got out of my trades when price pumped to $82k on "Clarity Act" News.
Anyways What is next?

The focus will remain on the same zone that we were using to stay bullish. Now that the price is below the $78k–79.4k range, I don’t really see a reason to stay bullish.
The nearest support zone is around $72k–75k. As long as we don’t see a reclaim of the $78k–79.4k zone, I think more downside is possible.
Personally, I’ll just stay on the sidelines and wait for the next buying opportunity, whether that comes above $79k again or at lower prices. Doesn’t really matter to me.
BTCUSD (Daily)

The daily chart is the one we used the most for our trade executions, and I think price trapped a lot of bulls above the $80k region.
You guys know we’ve been using this daily internal bullish structure for our trades, and besides the fake-out above $80k, the structure is still bullish on the daily chart. If price drops to $75k, I think bulls need to hold that level at all costs.
BTCUSD (4hr)

I think the zones are pretty clear.
$78k-79k key Resistance
$74k-75k Key support
I will do nothing as long as price is trading in between.
That’s pretty much it for this Bitcoin update. I don’t want to drag it on for too long.
Let me know what do you think, your opinions are Always welcome