Bitcoin is still respecting a multi-year ascending trendline that has guided price since the early cycle lows.

The recent rejection occurred near the upper boundary of that trend, signaling structural exhaustion rather than trend invalidation.

Price is currently below the local range high and showing signs of a distribution phase after a strong impulsive leg.

The grey zone (~$55k–$65k) is the most important area on the chart:

~ Former resistance

~ High-volume consolidation

~ Strong historical demand

A revisit of this zone would be technically healthy, not bearish, it would represent a higher-low on the macro scale.

Short-term structure suggests:

~ Relief bounce / range formation near current levels

~ Potential lower high

~ Continuation toward the $50k–$60k support band

As long as Bitcoin holds this demand zone, the macro bullish structure remains intact.

A clean reaction there would likely set the foundation for the next multi-year expansion phase.

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123.26$

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109.89$

We are cooked

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This isn’t a “bull trap”, this is a bear market.

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@WatcherGuru

Higher

EVACUATIONS HAPPENING AT DUBAI INTERNATIONAL AIRPORT PER REPORTS: INFINITYHEDGE

$BTC

Bad news, decent response
Interesting spot, think you can make a good bull case here

Weekly support, negative macro news entirely disregarded
Maybe time for some up for at least a little bit, we have room up to $80k without flipping bullish

$ETH

I was right, again.

Buying more here, entry price

I don't get it, the market is pumping, but I don't see the first runner.

buying more $PEPE, just because...