$BTC is at $84870 - at resistance on daily OB.
$BTC :
Needs 86K Closing to retest and hold $88K only then BTC will retest the fib golden pocket 96K // 93k-96k region.
Weekly close below $86K - BTC will remain bearish.
BTC 4H - again, the bounce from the local bottom is led by perps, not spot. This means this is not a strong rally yet.
BTC should retrace to 70K-66K level >> if we don't get a good weekly closing + uncertain and surprising CANE in our A's by Trump 😄
Recent major moves in stocks, crypto, and the forex markets are all due to tariffs, u-turns, and surprises announced by the US Government. We need to keep a close eye on it.
Lastly, a small pending CME gap is at $85150 - $85690 that should get filled.
CME Closed on Friday at $84K and currently trading at $84.8K - any higher weekly close or even at current level, we will have a CME gap at lower levels.
hope you all understood the simple analysis.
TLDR; Market is bearish. I am bearish too. Unless we get a weekly close above $86K + settlements between US and China.
Alts are pumping for bearish retest.
