Alright, let’s skip the fluff and get straight into the price action.
$BTC BTCUSD (Weekly)
Price failed to hold above the previous all-time high — pretty straightforward.
Whether you want to call it an SFP (Swing Failure Pattern) or just a classic fakeout, the point is: it didn’t stick.
Too early to call this the start of a bigger pullback, but we’re definitely watching that ATH zone closely for signs of a reaction.
Trump’s EU Tariff Delay: The Real Driver?
Looks like this move up came right after Trump delayed those 50% tariffs on the EU until July 9. Ironically, price dumped the last time he announced them — and now it’s pumping when he delays?
Honestly, this is just Trump playing chess with the market again. Net impact? Not much. Same zone, same uncertainty.
What Am I Watching?
Personally, I think the daily chart gives us a better roadmap for the next move.
Important to note — this news dropped right before the weekly close.
It’s Memorial Day in the U.S., so not even sure if stocks will trade today. That alone makes it smarter to just wait a day or two and see if this was just a reactionary spike… or if there’s actually more gas in the tank.
Two Scenarios I’m Ready For:
1️⃣ If price holds above the
ATH
I’m not chasing here. The move was news-driven, and we’ve got that weekly fakeout to factor in.
But — if it consolidates and holds this level, I’m open to seeing new highs. It’s just not a spot I’ll FOMO into.
2️⃣ If price gets rejected here
Then we’re likely heading into a pullback — possibly down to or just under $100K. Clean and simple.
That’s it. Two clean setups. I’m not predicting — I’m just preparing.
Whichever one gives the signal, I’m ready to pull the trigger.
Stay sharp out there.
