$Bitcoin Check ✅ A recent deep-dive analysis that’s been a bit neglected lately. Still, I’m tired of hearing “plummeted due to geopolitics and political risk.” Then again, maybe it’s time to raise our guard a bit 😄 Price briefly dipped below the expected $80,000 level, plunging to the $79,100 range before rebounding. In my view, it didn’t fall because of news— it was simply a liquidation of accumulated long positions during the low-liquidity weekend. Over $800 million in 24-hour liquidations occurred, mostly longs. The news merely served as a trigger; the real fuel was the usual leverage-driven positioning. 💸 Funds are moving quietly: • Spot ETFs: ~$640 million net outflows • Exchange inflows: ~32,380 BTC (since April) A setup favorable for selling has formed. Before shouting “bottom reached,” confirm the direction. 📊 Chart Analysis Daily Chart: • Both highs and lows are trending lower. • Last night’s drop broke the psychological barrier at $80,000. • SMA365 may temporarily act as support. • The structure also resembles an ascending flag. This kind of setup often leads to either: — a sudden, merciless rally after devouring longs’ confidence, or — a “dead-cat bounce” that leaves traders stranded and worn down by double-punch exhaustion. Weekly Chart: • Likely to close with a long upper wick bearish candle. • Currently descending toward the lower cloud boundary near SMA50. As the chart shows, SMA25, SMA50, lower cloud boundary, U.S. midterm elections, and Strategy Company’s cumulative average entry price—all converge at this critical point. That’s precisely why I’ve said I have nothing specific to do right now. 🗓 Key Upcoming Dates: 10/26 (Mon): ETF Flows & NY Session 10/28 (Wed): FOMC (Oct 29, 3:00 AM JST) 11/3 (Tue): U.S. Midterm Elections FOMC is priced in with ~90% probability of no change—still monitor closely. Pay special attention to the “nuance” around rates and December outlook. Expectations are building for an expansion post-event. ※ Personal opinion only; not investment advice. bitcoin:native #Bitcoin #MarketOutlook