SeanVega Trading
A running archive of BTC (Bitcoin/Bitcoin perpetual contract) views from Tactical Positioning.
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Meridian
A running archive of BTC (Bitcoin/Bitcoin perpetual contract) views from Tactical Positioning.
BTCrebounded exactly at 80K, now trading at 84K
BTC
BTC
Not sure why you're so surprised
BTC
BTC
BTC
BTC
Rejected
BTCIf #Bitcoin can't rally alongside NDX, and it can't catch a bid even as gold and silver print new ATHs, it won't go up for any other reason. Bitcoin is never the digital gold retail suckers believed in. It's a risk asset—full stop. And in periods of uncertainty, it's often among the first to take a dive.
With the U.S. passing key crypto regulations in 2025, the Bitcoin narrative is coming to an end. A large part of the hype in the past decade was anchored on the hope that crypto would be regulated and then broadly adopted. As that process matures, the option value in the story compresses.
Bitcoin technical looks outright fragile. And MSTR price action is another tell: the stock is trading below where it traded even when bitcoin was higher, which suggests institutions have stepped back and the market is increasingly pricing in a scenario where MSTR may need to sell its BTC holdings to service its debt.
BTC
Godlike?
You decide.
BTCe should see #Bitcoin at 60k if it breaks below this channel support.
BTC76K is #BTC's line in the sand. Lose it and we see 60K.
BTCAs expected, #Bitcoin rebounded exactly at 60K.
BTCA break below 63K, we see another bloodbath.
BTC
Market Update
#Bitcoin
Tick Tock Tick Tock
BTCMarket update
BTCMarket update
BTCIt remains within the channel. As long as the upper boundary holds, the structure remains inherently bearish.
BTCMarket Update
BTC
Market Update
#Bitcoin
Contrary to what many might have misunderstood from this chart, as long as Bitcoin remains inside this channel, the structure is bearish.
BTC
Hope I saved a few
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What happens if it breaks below the lower channel?
Tick tock...
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Guess what happens if Bitcoin struggles to climb back inside the channel in the next few sessions?
BTC
If 63K support fails, next support sits around 56K. Below that comes obliteration.
BTC
This is a good spot for bulls to add with limited downside.
A decisive break below 60K opens the door to 55K, followed by a cascade of selling all the way down to 30-40K.
BTCBTC bounced from our 58K-60K support as expected. It is now forming another ascending channel, just as it did in 25Q4 and 26Q1.
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