$BTC / $USD As mentioned earlier, scenario 2 is clearly playing out so far with that upthrust instead of the typical pullback before continuation. Now the focus shifts to what happens after this expansion. What I’m watching: 1. Do we get a sharp rejection and sell-off, or a slower consolidation like we’ve seen before? 2. How price reacts around the 50 / 100 / 200 SMAs This reaction is key. It will help determine whether this is just another continuation cycle within the trend or the early signs of a structural shift. I’ll be watching this alongside the other confluences from my previous posts.
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