From last 10 days, I received some harsh feedback, but let me make something clear – I don’t write for attention, followers, or financial gain. In fact, I often tell people to unfollow me if they don't resonate with my insights. However, I stand by my analysis, and over 90% of my predictions have proven accurate. Interestingly, I was the first to advocate for burning $USTC rather than $LUNC , something no one else had suggested at the time. Now, that very concept is being widely discussed!
Yes, my charts may appear basic, but that’s because I draw them on my phone with my finger – I don’t rely on complex tools like TradingView. I prefer keeping things simple, but effective. Now, let’s revisit the scenario playing out: If you compare the current trend with the final week of July, it looks quite similar. In my ‘rough sketch,’ there’s a slight uptick followed by a significant drop. Whether we see a minor rise before the fall or an immediate dip largely depends on the whales' actions. However, with global liquidity drying up, I don’t foresee much upward movement. There's a worldwide cash crunch, so a continued rally seems unlikely.
Some have raised valid points, such as the potential for Chinese ETFs to introduce positive cash flow. I appreciate those perspectives, but the performance of these ETFs has been underwhelming. Reports indicate they’ve underperformed compared to other assets like stocks and gold, further validating my theory that we’re in a liquidity squeeze.
I’m also among those who believe BTC will eventually land between $100K and $120K – but not anytime soon. For that to happen, several conditions need to be met, including U.S. Federal Reserve interest rates dropping below 2% and a more crypto-friendly political landscape, perhaps with someone like Trump in office.
If you’ve got any thoughts on why $BTC could surpass $70K in the near future, feel free to share – I’m always up for a healthy discussion!
#BTC☀ #Bitcoin❗ #LUNC✅ #BTCReboundsAfterFOMC #BinanceLaunchpoolHMSTR
