⭐️ #BTC - rejected from $70,000
Every bull run is always accompanied by corrections. The market never goes up continuously.
While we remain in a global uptrend, several factors have triggered a local correction:
🟢 Outflows from ETFs totaled more than $60m in one day;
🟢 The market is preparing liquidity ahead of Powell's speech.
I want to draw your attention to the second point. The consensus is solidly behind rates staying at 5.50%, but the most important are Powell's remarks. The real action will be in his hints about future moves.
🛡 If tomorrow’s speech hints at a rate cut in the coming months, we can expect the market to soar back above $70,000. Until then, such corrections should be viewed as opportunities to build positions.
