Hey Paul, looking forward to the analysis this week. Quick question: BTC retested $80,672 from above this evening and held cleanly, bouncing nearly $2,000 off that level. Given the significant overhead supply in that region (short-term holder cost basis, accumulation zones from before the breakdown to $60K, holders who rode through the Feb 5 lows now looking to exit), was BTC ever realistically going to blast through that level impulsively? Isn't a clean retest and hold from above actually strong PA, and could BTC need to grind through this supply zone before it moves impulsively — potentially ruling out the new low scenario altogether? Thanks!
Hey Paul, looking forward to the analysis this week. Quick question: BTC retested $80,672 from above this evening and held cleanly, bouncing nearly $2,000 off that level. Given the significant overhead supply in that region (short-term holder cost basis, accumulation zones from before the breakdown to $60K, holders who rode through the Feb 5 lows now looking to exit), was BTC ever realistically going to blast through that level impulsively? Isn't a clean retest and hold from above actually strong PA, and could BTC need to grind through this supply zone before it moves impulsively — potentially ruling out the new low scenario altogether? Thanks!
Hi Preston 👋🏻
Yes, this is exactly what we need to watch carefully
BTC is still structurally corrective
The key difference now is:
The market has already had time to absorb a large amount of overhead supply
This is why I continue saying:
The market will show us the true path
Could BTC still have 1 final leg lower?
Yes
Could the Feb 5th low already be the correction low?
Yes
Both paths remain valid for now
The important thing is:
We do not force the outcome
We follow the structure derived from the data
As I have said for months now:
Preparation and positioning mattered most during the fear phase
I am NOT looking to sell during this phase
I will continue looking for extra buying opportunities
The buys I made in Feb and March were all bought in the correct areas
Now we stay calm
Stay disciplined
And let the market confirm
Paul 👍🏻
Copy on all Paul, thanks so much for the detailed response!
Hey Paul,
I have a quick question.
I was looking at the daily RSI on all the assets we’re tracking, and I noticed that most of them look pretty stretched to the upside.
Do you think we should expect a small pullback before the next move higher?
Hi and great question
If you are a new follower, welcome 👋🏻
BTC is the market leader
I would suggest visiting the archive section and watching some of the recent videos
Especially the core assets - BTC, ETH, XRP and SOL
The INDICES have been pushing higher recently
A small pullback may be next
The same applies to Crypto
The main thing here is:
I/we have been positioned since Feb 5th
As that is what the data was telling us
Any pullbacks now will continue to offer opportunity
This is where I will continue adding to my bags
However, if we see strong breakouts
We have been fully prepared for months
Structure first
Price confirms
Patience wins
Paul 👍🏻
Thank for your patience to answer my questions 🫂🥇💪🏻
Hi
Your welcome
I get hundreds of question every week
And I would suggest you take a look at some of the recent questions and my replies
There is a lot of info there for you 👍🏻
🙏🏻🙏🏻