Max Trades|Sep 28, 2026 19:12
BTC
Local bottom in?
Today we saw an aggressive selloff where price repeatedly swept the lows, continuously flushing longs out of the
market.
However, instead of pushing lower after those sweeps, BTC has now reversed and closed back above the lows of the previous range.
If price can find further acceptance back inside this range, another continuation to the upside becomes possible.
First toward the range highs, and if bullish momentum is strong enough, potentially back into the $87k region.
While this is a possible scenario, we still need to keep in mind that structure is bearish for now, meaning a failed reclaim could quickly shift momentum back to the downside.
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