Time to update the macro chart. The last post like this was after the October 10th crash, when we saw billions in liquidations. After that event, something broke Bitcoin was not the same. Volume dried up, liquidity was wiped out, and major market makers were taken out as well.
This is when Q4 started. Everyone was expecting a bounce since, historically, it is the most bullish quarter of the year. However, while the stock market remained at all-time highs, Bitcoin was gaining momentum to the downside. Every long and buy fueled the move lower, making the downside more aggressive over time.
Fast forward to the end of Q4. We closed in the red the first bearish year-end close since 2023. The low we made was around $80,000.
Now we are in Q1 2026, January 5th. Price is pumping, and we are approaching the macro high-volume node POC at $96.6K. This is the most important level Bitcoin needs to flip and hold above if we want to see prices above $100K. The VAH of the macro range sits at $108,000, which is still far away. Before that, we need to fight through multiple local resistance levels.
Historically, after a bearish Q4, we often get a bullish start to the year but later on, the blood and pain usually continue. So be prepared for what comes next. Be bullish at the lows, and once we reach the highs, don’t become euphoric. Always watch the bigger picture.
We are at the end of a four-year cycle that started in 2022, and if history repeats itself, we could be heading into a year-long bearish phase for Bitcoin.
This is not financial advice, just my outlook. Be careful with trading and with what you buy on spot meme coins and altcoins have been extremely weak. Personally, I’m sticking to Bitcoin.
Enjoy 2026. Keep grinding and keep working out you need a clear mind to catch these trades 🫡
If Bitcoin closes this daily candle below the VAH, which is below $71,500, then we are officially back in the range.
In that case, the POC and VAL become the next targets. As you can see, we rejected pretty clearly from that order block at $76K after having more than seven daily candles in a row, which is quite rare for Bitcoin.
The next support targets I’m looking at right now are around $67K–$65K.
What do you think happens next?
Bitcoin is trying to break above the highs from March 2024. The price was at an ATH at this exact level two years ago, and now it is acting as resistance.
Personally, I expect a bull trap if we break above, with the price potentially starting to reverse around 78–80K.
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Bearish divergence is playing out on Bitcoin on the 4H timeframe. We need to hold the previous high as support, and you can see the horizontal trendline there. There is still a possibility that Bitcoin drops to retest the weekly open or even the weekly pivot, which is sitting around 70.7K. That seems pretty far right now, but it could happen in one big move.
Momentum is still quite bullish at the moment, but I wouldn’t jump into long positions right now. It’s better to either wait for a pullback or look for a low-risk short here.