Bitcoin: Daily Fractal Eyes Fresh High

Trader Tardigrade highlighted Bitcoin's repeating daily fractal on X, noting that range formation, floor sweeps and subsequent sharp legs higher have already played out twice, with price having just swept the lows once more.

The pattern suggests an immediate leg up could precede a test of the recent high if this sweep proves short-lived rather than the start of deeper weakness.

Price sits at $80565 on the 4h chart inside the Bollinger Bands, with the lower band at $79534.59 acting as immediate support and the upper band at $84505.42 marking short-term resistance; the bearish EMA50 at $82026.5 and EMA200 at $82003.75 now function as overhead resistance while RSI at 34.45 remains neutral and MACD shows a death cross at -458.16, indicating that any bounce from the lower band will likely stall at the EMAs before a sustained push higher can develop.