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$BTC $BTC at $97K: The "Silent" Signal Most Traders Missed
The $100K magnet is real, but the reason why we're here isn't what you think.
While most were watching the news, the charts were telling a much deeper story about human behavior and market conviction. Here is the "brutal" breakdown of why Bitcoin didn't crash—and why $100K is no longer just a dream.
1. The Power of "The Floor"
Most traders wait for a "reason" to buy. But the real signal was the absence of selling. When US Spot ETFs saw outflows last week, the "weak hands" expected a dump to $80K. It never happened.
Why? Because below $90K, there was no leverage pain. No forced liquidations. When a market refuses to break on bad news, it’s telling you the sellers are exhausted. $90K wasn't just a number; it was a wall of conviction.
2. Macro Logic > Hype
The US CPI print was the spark, but the fuel was already in the tank. As yields cooled and the Dollar took a breather, Bitcoin acted as the global liquidity barometer. It moved before equities—proving once again that BTC is the fastest horse in the race when the macro environment shifts.
3. This Isn't a Squeeze (And That’s Bullish)
Usually, vertical moves are fueled by "short squeezing"—forcing people out. This move was different. Funding rates stayed calm while Open Interest rose. This means fresh, intentional money is entering the building. We aren't just squeezing shorts; we are building a new floor.
🧠 The Psychology of What Comes Next
We are entering the "Acceptance Phase." * The $95K–$100K Zone: This is where the market decides if BTC is a 6-figure asset.
The $100K Wall: It's a massive psychological hurdle. Expect volatility here, but don't mistake consolidation for a crash.
My Take: I’m not chasing green candles, but I am respecting the trend. As long as we hold the breakout zone, every dip is just a chance for late-comers to get on board.
Stop trading the noise. Start trading the structure. 😼
#Bitcoin #BTC100K #CryptoPsychology #MarketAnalysis #TradingStrategy