Everyone is saying the 4 years cycle is over and we are in a super cycle now, i dont know about that but i do think the most part of 2026 will be bearish/Sideways.
If not Q1 of 2026 i think Q2,3 will be most likely bearish/Sideways.
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Bitcoin weekly close will be something interesting to watch. Close above those highs and we might get some more upside. Likely into $76k - $79k zone Close below that - Not good
I shared my trade setup that played out well, i think the next trade would be better once price holds above $71500
Started aping into BTC a little early, but my average entry isn’t that bad. When the market is capitulating/liquidating, we often see unexpected prices.
Anyway, I will be following my plan, i have no intention of holding this trade much longer. I’m in to play a bounce, and I’ll be taking exits on the way up.
CRYPTO MECHANIC
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All of my orders got filled on $BTC Not sure where will it stop. The recovery might take some time as this is not bull market.
Yesterday, I gave an update on Bitcoin, and I mentioned that the reason the price isn’t bouncing is that the sell-off is driven by spot selling, not liquidations and good buying opportunity typically arises when there are liquidations. We discussed that when the market slowly bleeds, it usually ends with a cascade of liquidations and we saw yesterday, Bitcoin dropped significantly, falling almost 20% in a single day, going down to $60,000. i think this move was marked by panic, by sell-offs, and by triggered liquidations. $2.17B longs were liquidated.
So now what is next? Technically we are still in a clean downtrend but the good thing is we got what we were waiting for. $69000 is 2021 All time high and important to reclaim imo. I want to see price at least reclaim $67k-69k, once it does i think we will be in for a relief.
CRYPTO MECHANIC
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I flipped bearish on $BTC around $91k when we discussed that fake-out above $95k. Since then, I’ve been continuously sharing my thoughts on Bitcoin. When Bitcoin dropped below $85k, I said that acceptance below this zone wouldn’t be good for the bulls.
Bitcoin is down over 20% since then.
Price is now approaching a key high-timeframe zone. The reason price is failing to bounce is that this move down is being driven by spot selling, not perp liquidations. A slow bleed to the downside usually ends with a cascade of liquidations, and that’s when price tends to give a strong relief bounce.
That being said, this is a good zone on the chart.
I flipped bearish on $BTC around $91k when we discussed that fake-out above $95k. Since then, I’ve been continuously sharing my thoughts on Bitcoin. When Bitcoin dropped below $85k, I said that acceptance below this zone wouldn’t be good for the bulls.
Bitcoin is down over 20% since then.
Price is now approaching a key high-timeframe zone. The reason price is failing to bounce is that this move down is being driven by spot selling, not perp liquidations. A slow bleed to the downside usually ends with a cascade of liquidations, and that’s when price tends to give a strong relief bounce.
That being said, this is a good zone on the chart.
Market dumping is a perfect lesson for you to learn:
Billionaires telling you to buy doesn’t mean the price will go up. Billionaires buying doesn’t mean the price will go up. Billionaires predicting prices doesn’t mean the market will go there.
Big names don’t control the market, liquidity, positioning, and sentiment do.
If you are buying because of tweets, you are late. If you are buying because of FOMO, you are exit liquidity. If you are buying without a plan, the market will make one for you.
You should always do your own due diligence and make your own decisions, because in the end they will remain billionaires, but you might go broke.
I flipped bearish on $BTC around $91k when we discussed that fake-out above $95k. Since then, I’ve been continuously sharing my thoughts on Bitcoin. When Bitcoin dropped below $85k, I said that acceptance below this zone wouldn’t be good for the bulls.
Bitcoin is down over 20% since then.
Price is now approaching a key high-timeframe zone. The reason price is failing to bounce is that this move down is being driven by spot selling, not perp liquidations. A slow bleed to the downside usually ends with a cascade of liquidations, and that’s when price tends to give a strong relief bounce.
That being said, this is a good zone on the chart.
CRYPTO MECHANIC
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$BTC acceptance below $85,000 wouldn’t really be something good for the bulls. This would open room for more downside.
A lot of you are asking me when I will buy. Honestly, I’m not in a rush to catch a falling knife. Price broke below $85K after two months of ranging. I would either wait for the price to reclaim the range, then look for some buy setups, or look for buying opportunities at lower prices.