BTC UPDATE | BTC has been moving sideways for a few days, and it still hasn't reached our expected zone. Currently, it's moving towards the ATH zone, which is around the $104k price range. Hopefully, the market will face rejection from this range and move towards $98k.

BTC UPDATE | The market experienced an unexpected fall of up to 14% yesterday, marking the largest drop in several months. This correction was quite necessary due to the continuous market pump driven by the US election, which had started creating significant liquidity on the downside that needed to be complete earlier.

Recently, the market broke its all-time high and created a new POI around 94k. However, after completing the POI zone, the market formed a significant wick below it. Currently, it seems to be moving towards 101k.

BTC/UPDATE ; Here's the next possible move of the market

BTC/USDT UPDATE; It was a great move from our minor POI . The market often doesn't reach our exact expected points . In this case, the market is currently trading above a liquidity zone, which is around the 95k price range. The market might grab liquidity above this zone and then fall. However, if BTC can close a healthy candle above this range, the market can be expected to move toward the IMB zone.

BTC/USDT UPDATE in 2hr ; The market is falling sharply from the point we mentioned, as predicted. It has currently hit our minor POI, which is the 92k price range. We expect the market to recover from here and complete its IMB zone, which is around 97k price range. However, if the market break below It's minor POI before completing this range, it will be a good sign for BTC. 👌

look at btc, I mentioned earlier about this small crash.
If you have seen my update, you have surely been able to make a profit or stay cautious by observing my market updates. To receive such timely updates instantly, make sure to follow our channel. Thank you.

The market has already recovered from our liquidity zone to the expected zone we mentioned earlier. From there, the market took some rejection but is now recovering again. The current zone can be expected to act as a trap. We anticipate the market to create a wick above this range and eventually reach our mentioned point.

The market is falling from near to our psychological zone, although the BTC/USDC pair has already completed our psychological zone. Currently, it is trading near our expected zone, which is a minor demand zone. From this zone, we are expecting some recovery again.👌

BTC/USDT update : Market has already broken out of our minor IDM as expected. After that, it is falling from near our extreme IDM. A strong wick is required for a strong correction in the market, so we are expecting a wick above our extreme IDM level for the market correction.

BTC has completed the 93k range and has taken a hard rejection from there, as expected. 💯👌

previous market update in pin comment

BTC/USDT formed a bull flag breakout but failed to hold after a retest, resulting in the market falling as expected.

You might have noticed that currently, no admin is sharing any clear Bitcoin chart updates. But why? Because when the market is volatile, it doesn’t respond well to technical analysis. As a result, those admins are afraid to share Bitcoin chart updates for fear of ruining their reputation. However, I always try my best to stand by you in any market situation and keep you informed with possible market updates.
The market is highly volatile right now and is not responding well to shorter timeframes.
Therefore, I request you to always use a stop-loss if you open any positions based on my updates

BTC has successfully closed couple of 45m candle below 86500$. Now the market may create a wick below its ATH, and then expect it to face rejection from there again.

BTC/USDT Update in 45m timeframe ;
BTC is currently not responding technically in the shorter timeframe. The market had created bearish divergence at 77k and 83k levels, but instead of responding to it, the market is continuously pumping as expected. Currently, BTC is trading within a bearish rising wedge. If the market can close a healthy candle below 86k, we might see a correction towards 82k. On the other hand, if it breaks out above $90,200, it is likely to move towards 93k.

The market is pushing a bit hard to reach around 92k!😱

Did the wick get too big? 🌚

BTC/USDT is trading while forming a bearish divergence. 👀
We are expecting a small wick on the bearish divergence.👌

BTC Update in 1D TF : After breaking out of the bull flag pattern, BTC completed its first daily imbalance and is recovering strongly from there. BTC has already touched $80k, marking a new milestone for it. I expect BTC to form another wick above this range before any correction

The Federal Open Market Committee (FOMC) has a meeting scheduled today, November 7, 2024, with the policy announcement set for tomorrow, November 8. This meeting, originally adjusted to avoid Election Day, is likely to bring a 0.25% rate cut based on recent economic indicators and Fed communication.

The Fed has continued its rate-cutting strategy due to signs of a resilient economy and stable inflation, which remains near its 2% target. This cut would mark the second reduction of the year, aiming to achieve a more neutral rate amid a strong labor market and consistent economic growth. Chair Jerome Powell is expected to emphasize the Fed's independence in his post-meeting remarks, especially given the timing near the election. He’ll likely keep the guidance on rate decisions "data-dependent," reflecting adaptability to future economic shifts.

This move aligns with the Fed’s cautious, measured approach toward gradually easing rates without overheating the economy or jeopardizing employment goals​

A potential 0.25% rate cut by the Fed could have a positive (bullish) impact on the crypto market, though the response will depend on how traders interpret the Fed’s ongoing policy stance and future expectations.

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