Don't Catch a Falling Knife.

Compass 167 Update

Playbook Update.

In this weekend's playbook, we anticipated the bearish movement that we are witnessing at this moment:

• We’ve already mentioned that Bitcoin is forming a bearish divergence on the daily timeframe, and this scenario remains in play. The expected price action following this is for Bitcoin to retest at least the $100K zone and possibly $97.2K–$98.5K. The latter seems to be the most probable support area to be retested next week.

We expected this bearish movement to develop over the next week, but the decline is accelerating, making it necessary to reassess the movement and explore the possibilities of a bullish rebound. Let’s analyze the situation.

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• Bitcoin is currently retesting the $97.2K–$98.5K zone, which has served as both a short-term refuge and a resistance level.