BITCOIN → Manipulation, long squeeze before growth

BTCUSDT is in a global bullish trend. The fundamental background, following the start of interest rate cuts, is taking a positive turn, but instead of growth, the market is consolidating...



Bitcoin is showing resilience, trading within the specified trading range (above 114K) amid the Fed's policy easing. For three weeks in a row, growth has been supported by dovish signals from the central bank and growing institutional demand.
Key drivers: The Fed's 25 bps rate cut and forecasts of further easing (to 3.6% by the end of 2025) have strengthened the fundamental backdrop in the cryptocurrency market. Corporate and ETF purchases continue to fuel the bullish trend. Low rates reduce the attractiveness of bonds and increase interest in Bitcoin.
Technically, the market, influenced by manipulation rather than growth, continues to accumulate potential before growth.

Resistance levels: 117860,
Support levels: 114600, 113300

The market is forming an uptrend, with a bullish trend line appearing on the chart. However, as part of consolidation, Bitcoin is under pressure from bears and is moving into a correction phase from 117900. I expect that MM may form a long squeeze in the liquidity zone. That is, a false breakdown of the consolidation support and trend at the same time, and only then return to an upward movement.

Best regards, R. Linda!