What Happened Last Week?
Bitcoin broke out of the recent downtrend structure and established a bullish leg with clear momentum.
The breakout was supported by volume and price structure, suggesting a trend reversal rather than a temporary deviation.
Weekly Bias and Strategy
The current outlook is bullish.
A retracement or sideways consolidation between the $120,000 and $114,000 zone is possible.
This zone may act as accumulation before further upside.
Key Points of Interest (POIs):
These levels will be monitored for long setups with confirmation on lower timeframes.
Macro Consideration – Fed Chairman Jerome Powell
Recent market speculation has increased regarding Jerome Powell potentially stepping down as Chair of the Federal Reserve.
If such a resignation is confirmed, it may act as a significant bullish catalyst for Bitcoin and other risk assets, possibly accelerating upside without allowing for any meaningful pullback.
Summary
• Bullish breakout confirmed
• Long bias maintained unless major invalidation occurs
• Watching retracement levels for entries
• Macro catalyst (Powell resignation) may trigger strong continuation without retrace
Bitcoin broke out of the recent downtrend structure and established a bullish leg with clear momentum.
The breakout was supported by volume and price structure, suggesting a trend reversal rather than a temporary deviation.
Weekly Bias and Strategy
The current outlook is bullish.
A retracement or sideways consolidation between the $120,000 and $114,000 zone is possible.
This zone may act as accumulation before further upside.
Key Points of Interest (POIs):
- 12H Swing Liquidity (turquoise line)
- Daily FVG (blue line)
These levels will be monitored for long setups with confirmation on lower timeframes.
Macro Consideration – Fed Chairman Jerome Powell
Recent market speculation has increased regarding Jerome Powell potentially stepping down as Chair of the Federal Reserve.
If such a resignation is confirmed, it may act as a significant bullish catalyst for Bitcoin and other risk assets, possibly accelerating upside without allowing for any meaningful pullback.
Summary
• Bullish breakout confirmed
• Long bias maintained unless major invalidation occurs
• Watching retracement levels for entries
• Macro catalyst (Powell resignation) may trigger strong continuation without retrace
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.