Hereās the scenario Iām watching over the next 7 days.
Thereās a major liquidity cluster sitting above pwH around 78.2k, and personally, I donāt think it gets front-run. Most CT normies are already looking at that 78k breakout expecting BTC to instantly teleport toward 86k once resistance breaks.
I see it differently.
To me, that move looks more like a bearish retest rather than the beginning of a true breakout expansion.
Does that mean we never revisit the 78ā80k region?
Absolutely not.
The main level Iām focused on is 79k, but I donāt think price moves there immediately. First, I expect BTC to sweep pwL around 74.3k, take liquidity below, and then rotate higher into the 79ā80k area.
What happens above 79k is where things get interesting. That reaction will tell us whether price is genuinely preparing for the mH sweep or if this entire move is just another distribution setup.
Iāve been calling for the 82.8k mH sweep for more than a week now, and I still believe BTC taps that level before the real macro top forms and the larger downside move begins.
Another reason I remain bearish longer term:
BTC has never closed 3 consecutive green monthly candles before. Because of that, I still think price eventually closes back below mO, then revisits the highs again next month to properly complete the macro top formation.
Iāll revisit this post once weāre back below 75k.
And if you believe weāre about to follow the āstraight to 86kā normie playbook insteadā¦
Counter-trade me, post your setup, and tag me.
#BTC #HYPEHitsATHAbove$64 #OndoFinanceFounderPassesAway #USConsumerConfidenceRisesInMay #HongKongProposesVAManagementLicensing
