$BTC – No major developments for now.

The price has bounced off the high-timeframe support range marked in green, aligning with the November–December 2024 highs, and is currently backtesting the prior high-timeframe support around the late-May highs, which I expect to be reclaimed soon.

The real test, however, will be the 2D Bull Market Support Band, which has repeatedly acted as a strong reversal zone in recent months. Because of that, I wouldn’t rule out a short-term rejection there.

Still, we remain within the same high-timeframe consolidation range we’ve been in for months, so I see this as normal volatility rather than a structural concern.

My main focus remains on the high-timeframe support zone at $103K-$104K holding. If that level breaks, it would signal clear weakness, and I’d look to hedge part of my spot exposure to limit short-term downside risk, as that could lead to a deeper mid-term pullback.

Until that happens, I remain bullish on the high-timeframes, though I believe the best approach is to keep a moderate allocation to cash and keep your portfolio diversified across multiple industries, and defensive sectors.

If our bullish thesis holds, you’ll still have the optionality of upside.

But if the market breaks down, you’ll have the flexibility and safety net you need to adapt quickly, instead of being overexposed and forced to watch your portfolio drop while others preserve their capital and stay positioned for the next move and actually manage to take advantage of the invalidation.