Max Trades|8月 06, 2026 09:13
BTC
Price has successfully broken above the descending trendline.
After retesting it, we saw a strong bounce towards $65K. All we need now is a break above $65.4K to invalidate the bearish structure and open the door for a move towards $67K.
I've been bearish throughout this move because I was expecting price to first sweep the liquidity around $61K before we see a bounce.
However, with BTC now breaking out of the downtrend, that scenario is becoming increasingly unlikely.
If buyers manage to push price above $65.4K, my short-term bias will flip bullish and I'll start looking for higher prices instead.(Max Trades)
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