In a recent update, the firm emphasized that upcoming inflation data could inject more drama than a soap opera into an already fragile structure. Grab your popcorn! 🍿
Short-Term Framework: Volatility Expected, Bulls Regroup
Swissblock’s analysis shows BTC is currently stuck in a price band tighter than a pair of spandex pants after Thanksgiving dinner! With liquidation targets “stacked on both sides,” traders are preparing for price swings that could make a rollercoaster look like a kiddie ride. 🎢
The firm notes that while the first steps of bullish structure rebuilding are in motion, a short-term test of the lower range—around $104K—seems as likely as a cat video going viral. Whether this level holds could determine if we’re off to the moon or back to the drawing board! 🚀
Rebuilding Phase in Focus
Bulls are described as being in the early stages of regaining control after recent downside pressure. The team urges caution, advising market participants to stay patient and scale in gradually—like a tortoise in a race—while also taking measures to protect against downside risk. 🐢
Outlook: Inflation to Dictate Market Tempo
With CPI and other key inflation metrics due in the week ahead, Bitcoin’s next major move may hinge on macro developments. Until then, traders are advised to remain on alert, as the $104K–$106K range serves as a key battleground for short-term sentiment. It’s like watching a boxing match, but with more spreadsheets! 🥊
Read More
2025-06-09 13:34