🚀 $BTC Skyrockets!📈

$BTC had a good rally today 📈. The volume is much lower than yesterday though, which indicates a lack of sellers 📉. They're most likely waiting for another high 📊. We can see that with the density of sell orders waiting at $71k and $72k. Even if profits are taken at the end of the day, I expect the price to find support above $69k at the lowest 📊.

This week will close with a green candle 🟢. Expecting $72k by next week and possibly $74k the week after once the CPI and PPI for May come out 📅, which I'm expecting to be lower than forecast 📉, especially the y/y. The main target for the bull flag breakout of the past 3-4 month consolidation is $79k 🚀. I expect that will be the top for this month 📅.

$100k when the Fed cuts rates in September 💵. These predictions don't take into account the volatility that will occur between those price levels 📈📉. But definitely can no longer expect sub-$60k prices. If a dump does happen, it will bottom out at $63k 📉. It still definitely is a possibility, especially after short liquidations are taken at $74k 📊. The price will try to liquidate late longs at $67k-$68k and then the longs that open at those price ranges with SLs and liquidations at $63k 🔄.

For now, I only find it safer to take scalps in the first 3 days of the open week ⏳. Waiting for the CPI, PPI, and Fed announcement 📅. I won't go into details about the macroeconomics but, in short, the Fed will be forced to cut soon and we are still early in the bull market 📈. The bull market top will only be once we get a 2nd or 3rd cut by August 2025 before an extensive bear market 🐂🐻. I'll maybe make a video explaining these, but for now, this is my short-term view 🎥.

$ETH