BIGGER TIMEFRAMES 1M $BTC IS LOOKING SORT BULLINSH IN MONTHLY TF BITCOIN NEEDS TO CLOSE ABOVE 60K TO BE AT SAFER SIDE IN MONTHLY TIMEFRAME
HISTORICAL DATA THIS IS HISTORICAL $BTC DATA THAT INDICATES THAT Q3 IS HISTORICALY BEARISH FOR BITCOIN
NEXT MONTH SEPTEMBER BITCOIN HAS BEEN BEARISH IN SEPTEMBER MAJORY CONSOLIDATE IN THIS MONTH
WHATS IN Q4 ? BITCOIN IS BULLISH IN Q4 HISTORICALLY AND THAT WE GAIN MOMENTUM IN Q4 AND THERE IS SEVERAL REASONS THAT LEAD BITCOIN TO PUMP IN Q4
#Bitcoin HAS BEEN ALWAYS BULLISH IN NOVEMBER YOU CAN SEE THE DATA BELOW THAT $BTC HAS BEEN AVERAGED GAIN 46% & Q4 GAINS 56%
MAJOR EVENTS IN NOVEMBER 1) PRESIDENTIAL ELECTIONS 2) MAJOR RATE CUTS COULD HAPPEN IN THIS MONTHS
BITCOIN IS HANGING AT CRITICAL AREA RIGHT NOW AND $BTC HAS BEEN BEARISH IN SHORTER TIME FRAME 1D & 12HRS & 4HRS
BITCOIN VOLATALITY MARKET MAKERS ARE HUNTING STOPLOSSES OF BOTH SIDES OTHERSIDE TETHER KEEPS PRINTING MONEY OUT THERE INDICATES WHALES ARE PLANNING FOR BIG MOVE
BITCOIN HAS TO LIQUIDITY ZONES 1) 57K TO 55K ( 2.4 BILLION LONGS ) 2) 63K TO 65K (3.2 BILLION SHORTS)
ITS NOW ON MARKET MAKERS WERE THEY GRAB LIQUIDITY FIRST
2)Tether has driven $1,300,000,000 $USDT onto exchanges since the start of the market crash on Aug. 5
3)Whales have accumulated around 400,000 BTC in the past 30 days, equivalent to 2% of the total supply. This level of accumulation, particularly during market dips, indicates that large players are preparing for a significant price movement upwards.
4)PPI DATA 2.4 BELOW AS EXPECTED
5)CPI DATA CAME GOOD 2.9%
6) 50 BPS RATE CUT EXPECTED IN UPCOMING MOTH
SOME OUTCOMES MIGHT TURN BEARISH FUD
1) WAR SITUATION IN ISRAEL 2) PANDAMIC TENSION ARISES (MONKEYPOX) 3) US TRANSFERS 10,000 BTC FROM SILK WALLET
WHAT COMING IN BTC ?
IF YOU LOOK AT THE CURRENT SCENARIO IN BTC IS GETTING CONSTANTLY REJECTED BY 200MA IN 4HRS
BTC HAS GOOD SUPPORT AROUND 57K IF BTC CRASH BELOW 57K WE CAN SEE FLASH DUMP UPTO 55K TO 54K
CURRENTLY NOT EXPECTED
WE HAVE BUILT BIG LIQUIDITY AROUND 70K TO 74K AREA BEFORE THAT WE HAVE ANOTHER RESISTANCE OF 69K WAS OUR NEW HIGH OF THIS 160+ DAYS CONSOLIDATION
MAXIMUM LIQUIDITY IS AROUND 74K #Bitcoin ALWAYS FOLLOW LIQUIDTY ALMOST 10 BILLIONS SHORTS SQUEEZE EXPECTED
SPX COULD CONTINUE TO PUMP FORWARD DXY FORMING LOWER LOW IN DAILY TIME FRAME
SO CONCLUSION IS IN FURTHER FEW WEEKS #Bitcoin COULD LIQUIDATE THE SHORTS FURTHER
THANKS FOR READING YOUR ONE LIKE WOULD BE HIGHLY APPRECIATED ❤️
🔴 If the CPI data comes in higher than expected, the FED will only do a 25 BPS rate cut.
🟢 If CPI data comes in lower than expected, 𝘵𝘩𝘦𝘯 𝘪𝘵 𝘮𝘢𝘺 𝘰𝘱𝘦𝘯 𝘵𝘩𝘦 𝘥𝘰𝘰𝘳 𝘧𝘰𝘳 𝘢 50 BPS rate cut.
What are your CPI expectations? 👇
I am expecting Powell will try to save US economy so I am expecting that it’s not gonna come excepted but 2.7% maybe to cut atleast 25 bps give temporary relief
BITCOIN HAS CREATED A HUGE CME FUTURES GAP AND CHANCESOF GETTING FILL UP IS HIGH ESPECIALLY IN NEWYORK SESSION $DXY LOOKS STRONGER AGAINST $BTC TREND WE NEED TO LOOK AT HOW $BTC WILL REACT