🦅 Narrative of the Week: The Fed’s Hawkish Pivot

🤑 We played that move well. Now I’d like to see the local high at $82,300 get taken out.

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↗️ Market Overview BTC: $77,836 ETH: $2,491 Fear & Greed Index: 56 (Greed) BTC Dominance: 59.30% 😎 The trendline is gradually playing out — we’re currently around $78K. If we break this level, we could move higher toward $79–80K. But what happens next is still an open question. Once again, the entire macro backdrop points toward a downside move. But if that downside is obvious to everyone in the market — what’s the point of it?

↗️ Market Overview BTC: $76,929 ETH: $2,457 Fear & Greed Index: 50 (Neutral) BTC Dominance: 59.30% 😳 I’m a bit late with today’s update because I was hoping we’d get some more interesting signals throughout the day. But the market had other plans — despite a ton of important external factors, it has simply stalled. The only thing worth noting is that price remains stuck below the trendline we identified earlier. But saying this alone is enough reason to enter a trade would be a serious exaggeration. ❗️ I’ll only act in two cases — if price drops below $75K or breaks above the trendline. Even then, I’m starting to feel that opening short-term trades over the next few days might not be worth it at all. The market will probably chop around and shake out traders in both directions before the real move. And as I see it, that move should be to the downside.

📉 Market Overview BTC: $76,934 ETH: $2,476 Fear & Greed Index: 69 (Greed) BTC Dominance: 59.29% 😎 Yesterday, I expected Bitcoin to take out the nearby high at $79,917. We fell just short, with price reaching $79,600 before a fairly sharp pullback. 📈 BTC is now back inside the strong $76–77K demand zone. As long as this zone continues to hold, I wouldn't rule out another attempt higher. However, another rejection from $79–80K would be a pretty bearish sign for the buyers. For now, the market is essentially trapped between two key levels: $76–77K on the downside and $79–80K on the upside. A breakout from this range will likely give us a clearer direction.