Usman Salis
⬤ Bitcoin pulled off a technical rebound after dropping below recent weak and weekend lows, sparking a liquidity-driven bounce. The move came right after BTC cleared out structurally weak levels—areas that typically act as liquidity magnets and tend to produce short-term price reactions. The bounce happened quickly once those levels got taken out, with price briefly finding some stability.
⬤ Still, the initial bounce doesn't tell the whole story. Even when liquidity levels sit close together, they need to be treated separately. Reactions between tightly packed levels happen all the time and can mess with how you read short-term price action. Right now, this looks more like a reaction than any real confirmation of where Bitcoin's headed next. There's also that CME gap sitting above current price—expectations are that BTC could push higher to fill it, potentially bringing price into the upper-$80,000s or low-$90,000s.
⬤ Market sentiment is all over the place right now, which makes sense given we're in the middle of a monthly transition. Recent ISM data threw in a mild bullish push—enough to fuel a short-term bounce but nowhere near strong enough to flip the broader outlook. Any counter-trend move from here needs to be watched carefully. The focus should stay on sentiment shifts, order flow, and local confirmation rather than jumping in too early.
⬤ The game plan hasn't changed: patience is still the play. The preference remains waiting for deeper levels, particularly around $74,400 or lower, before thinking about any serious positioning—assuming price keeps sliding. This kind of chop is pretty normal during monthly transitions, where opening and closing wicks create noise and volatility. The key right now is staying disciplined, respecting how liquidity behaves, and not overreacting to every short-term move.
Usman Salis
