BTC Playbook This Week - Watch This Range Closely

Bitcoin is now trading just about 5% below its all-time high around $109,300, consolidating after a powerful multi-week rally. Bulls are still clearly in control, with price action holding strong above the $100K psychological level.

Right now, the market’s caught in that classic moment — the pause. Some believe this is just the calm before another leg up. Others think a correction might be needed first to shake out weak hands.

From what I’m seeing on the charts, this setup is starting to mirror the exact playbook we followed in April.

Price is moving within a tight range just under resistance, and if you’ve been following me for a while, you already know — this range matters. The breakout, when it comes, will set the tone for the next few weeks.

So here’s what I’m watching:

Bulls Eyeing Price Discovery — But We’re at a Decision Point

Bitcoin is on the verge of entering price discovery — again.

We’ve already gained over 40% since the April 9th low, and now we’re back at the gate. $105K is the immediate hurdle. $109K is the all-time high.

But let me be clear: this isn’t about guessing.

It's about positioning for confirmation.

I’ve been tracking this pattern since April — we move up sharply, we consolidate tightly, and then we move again. That consolidation range? That’s your signal zone. When we break it, we run.

I’m currently keeping my eyes on the local range between $103,600 and $104,800. Any clean breakout above that could open the doors to uncharted territory. But if we fail here, a pullback to $100K becomes likely.

📉 Don’t Get Shaken — But Don’t Get Cocky Either

Look — I’m not interested in front-running volatility.

I’m here to react to structure. That’s what keeps me alive in this market.

Right now, volume is tapering off slightly, which makes sense during consolidation phases. But that only makes the eventual breakout more explosive.

If BTC clears $105K with strength, I expect price discovery to start targeting the $109K ATH and beyond.

If we reject and break below this current consolidation, we could dip toward the $100K–$101K support zone, and that zone must hold to keep the bullish trend intact.

The uptrend remains technically sound:

• The 200-day SMA is sitting at $92,316

• The 200-day EMA is holding at $87,993

• Both are sloping upward, supporting the momentum

  

So, any pullbacks into structure could offer reload zones… but only if support levels hold.

🧠 Final Thoughts

We’re sitting on a knife’s edge right now.

This is the phase where retail gets aggressive and often overexposed… while smart traders observe, wait, and strike only on confirmation.

That’s how I played April. That’s how I’m playing this.

Keep it clean. Don’t chase. And above all — don’t guess the breakout. React to it.

P.S. Want my live calls and chart alerts on this breakout? I post them first inside 9-5 Traders before the crowd catches up.

In fact the analysis in discord is a lot more detailed, and real-time.

👉 Join 9-5 Traders Now and track this range with me in real time.

Victor