Rekt Capital

“#BTC The upcoming Weekly Candle Close for Bitcoin could very well be decisive Weekly Close below the ~$82500 level could set price up for a bearish retest of that level to potentially build out a Right Shoulder within the $60k-$80k Macro Range ~$82500 is the transitional price point that will dictate where Bitcoin will build out its next market structure $BTC #Bitcoin”

“#BTC Interestingly, the two EMAs (purple 50-week EMA & green 21-week EMA) are converging and slowly building confluence in the mid- to high $70,000s Over time, this confluence will occur at higher prices given the dynamic nature of the EMAs More, a Golden Cross is set to occur over the next several weeks Historically, whenever a pullback has taken place into the two EMAs in early Bull Markets, the pullback bottom would not be too far off, especially whenever deviations below the EMAs would occur After all, successful retesting of the two EMAs in new Bull Markets has sustained bullish momentum for price $BTC #Bitcoin”

“$LIT - Lighter In the absence of bullish confirmation via a Weekly Close above the red Range High resistance... Lighter was always going to remain range-bound here (black square) As a result, additional consolidation to as low as the Range Low is a possibility #BTC #LIT #Lighter”

“#BTC Bitcoin has Monthly Closed above ~$82500 for September Which means Bitcoin will likely try to retest this level into new support this month A successful retest there could set up the next trend continuation History suggests this retest could get messy but let's take it one level at a time and not look too far ahead $BTC #Bitcoin”

“#BTC It's always very tempting to just assume Bitcoin will go on and produce -30% pullbacks in Bull Markets After all, deeper pullbacks afford better prices for entries But it's not about the pullback depth we desire but about the pullback depth that is reasonably probable based on where Bitcoin is in the cycle Take the previous 2022-2025 cycle: Bitcoin only saw over -30% retraces in the Post-Halving period Pre-Halving retraces were much shallower, just over -20% each time Early-stage Bull Markets offer shallow pullbacks but those pullbacks are great opportunities for the long-run $BTC #Bitcoin”

“#BTC ~$82500 for Bitcoin right now is the crucial level to reclaim into a new support because of its prior significance as a resistance on the Bear Market Relief Rally earlier this year $BTC #Bitcoin https://t.co/fLe9rakuUi”

“#BTC Bitcoin has successfully post-breakout retested its Macro Downtrend into new support In doing so, it is technically transitioning from Downtrend into new Macro Uptrend All Bitcoin needs to do going forward is to stay above the Downtrend and/or retest it as support if any deeper pullbacks take place Historically, Bitcoin has more often transitioned into post-breakout Re-Accumulation Ranges (e.g. 2019 & 2023) than gone for Downtrend retests (i.e. 2015) Of course probabilistically, there's a higher chance of Bitcoin developing a newfound post-breakout Re-Accumulation Range in the future in what is technically shaping up to be an early-stage Bull Market but it's worth keeping an open mind to both scenarios After all, since breaking the Macro Downtrend, future pullbacks are likely to take place in the context of Bull Market retracements Which significantly alters the risk side of the equation as opposed to risk in Bear Market Relief Rallies as downside during Bull Market pullbacks tend to be limited before further upside is confirmed $BTC #Bitcoin”

“#BTC Bitcoin has generally maintained these highs over the past few weeks Each time rebounding from ~$77k (orange) into Daily Higher Highs but each time also returning right back into this same $77k level, regularly retracing any gains made (a sign of price weakness) Meanwhile, the RSI has developed two Lower Highs, signalling mounting weakness, strengthening the Bearish Divergences Of course, while as RSI dwindles it is getting closer and closer to the Daily Higher Low on the RSI (blue) which is going to be a potential RSI support worth monitoring in the future Overall, if Bitcoin loses its Daily Price Higher Low (black) and $77k Daily support (orange) then the Bear Divs will validate and this provisional Daily Double Top will activate All about the $77k level on the Daily and the $78300 level on the Weekly and whether they can continue to sustain support amidst signs of mounting weakness $BTC #Bitcoin”

“#BTC At this very moment, Bitcoin is positioned for a repeat of bearish price history However, Bitcoin has a few more days to turn things around before the new Weekly Close, if it can A Weekly Close below ~$78300 could set price up for a breakdown like in May $BTC #Bitcoin https://t.co/p2byeo3R1n https://t.co/upWuzpGObA”

“#BTC Bitcoin has dropped into ~$78300 (blue) for a retest attempt The retest is now in progress Earlier this year (red circle), Bitcoin initially enjoyed a successful retest here but ultimately rejected from $82.5k to enter a retrace Ultimately, a Weekly Close below $78300 followed by a bearish retest just like in early May would likely confirm a breakdown $BTC #Bitcoin”

“#BTC The retest of ~$78300 is now in progress $BTC #Bitcoin https://t.co/qvqvadVvr4 https://t.co/upWuzpGObA”

“#BTC The Daily Bitcoin Bearish Divergences continue and that weakness is slowly translating into price But Bitcoin would still need to confirm a breakdown from $77k (orange) to have this mounting weakness fully translate into price bitcoin:native #Bitcoin https://t.co/ckhQ4WfxWC https://t.co/tx0AexNf7F”

“#BTC Bitcoin has officially Monthly Closed beneath the Macro Downtrend for August However, given that this Macro Trendline is a dynamic resistance, by virtue of the passing of time price has moved beyond the Downtrend More, price has Monthly Closed above the April/May 2026 candle-bodied highs, which are now perfectly confluent with the Macro Downtrend Bitcoin now has a chance to post-breakout retest both the Macro Downtrend and these April/May Monthly highs in an effort to turn them into new support bitcoin:native #Bitcoin”

“#BTC Can Bitcoin prove sustained strength at these highs? Previous overextensions lasted anything from 1 week to 4 weeks before a major pullback Bitcoin has successfully managed to perform a Weekly Close at these highs But Bitcoin will need to perform such a Weekly Closes a few more times to stave off downside and ideally rally to Higher Highs Because if this is a Bear Market Relief Rally, in the absence of stability here and/or a new Higher High, price could pullback strongly within a handful of weeks bitcoin:native #Bitcoin”