Bulls<\/strong>. We’re witnessing short-lived rallies, often triggered by opportunistic buying at key support levels, but they’re severely lacking follow-through. As soon as the price attempts to break local resistance, volume collapses, giving way to immediate rejection.<\/p>\n\n\n\nThis phenomenon, well-known to technical analysts, resembles successive Fakeouts<\/strong>. The market creates the illusion of recovery, attracting retail traders who fear FOMO<\/strong>, before turning brutally. This dynamic traps leveraged long positions, fueling a cascade of liquidations that prevents any sustainable construction of a bullish trend.<\/p>\n\n\n\nIndeed, each rise is merely a correction within a broader bearish structure. Currently in a new range, Bitcoin should oscillate and “chop” over the coming weeks before experiencing a highly probable correction end and capitulation in the coming weeks. Likely between $54,000 and $47,000.<\/strong><\/p>\n\n\n\nStrong Dollar and Strict Fed: Major Brakes on Price Explosion<\/h2>\n\n\n\n
While the technical chart is concerning, it’s primarily the macro-economic context that deprives the market of its essential fuel: liquidity. The recent strengthening of the dollar (DXY) acts as a powerful headwind for risk assets. Historically, a strong inverse correlation exists: when the dollar soars, Bitcoin tends to correct or move sideways in a tight Range<\/strong>.<\/p>\n\n\n\n\n