TECHNICAL ANALYSIS (What’s happening now + near future)
Bitcoin has tapped directly into the daily bullish order block (green) that sits inside the weekly bullish OB (red).
This HTF stacked confluence is where reversals normally form if liquidity conditions support it.
Technical Breakdown
The weekly OB remains the main macro demand zone. BTC has now wicked into the daily OB inside it usually the first area to generate a bounce or short term reversal. This is the first clean mitigation after a deep liquidity sweep. If bulls want to show strength, this is where early signs appear:
• Long lower wicks
• Loss of bearish momentum
• Higher lows on LTF
• Absorption candles
If the daily OB fails, BTC can rotate deeper into the weekly block before any macro reversal forms. Right now, BTC is sitting inside the highest probability reaction zone on the chart.
Strong defense = relief bounce.
Failure = deeper weekly mitigation.
Macro Context
The technical setup is forming while macro pressure increases:
• BTC dropped toward $87K, lowest in 7 months
• ETH around $2,800 dragging alts
• Total crypto market cap fell $4.3T → $3.2T (-$1T wiped)
• US jobs: 119K added, unemployment 4.4%
• Reduced odds of early Fed cuts = risk off sentiment
• Crypto is moving with macro, no longer acting as a safe haven
• October’s liquidation cascade exposed leverage fragility
• ETF outflows continue adding sell pressure
These conditions explain why BTC is tapping a weekly OB with heavy selling behind it and why reactions from HTF zones may be slower or more volatile.
Combined Outlook
Price is colliding with major HTF demand exactly as macro stress peaks. This OB is where the market will decide the next major move. Reactions may be weaker until macro stabilizes.
If buyers defend the zone, BTC can form a mid term reversal.
If not, price will slide deeper into the weekly block.
Either way, this is the most important area on the chart right now.
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