Here we are at 66k $BTC ! ❤️
Let me remind you that when long positions are closed near the historical level, a cascading decline occurs. Therefore, a tedious rollback to 63.8 looks acceptable.
EMA7 is on the verge of crossing EMA99, which indicates an impending green stick of thousands at 6 upwards.
We have a feeling that we can touch 70k:
1. Unemployment data in the US will be released on Thursday; if the labor market is weaker, then, as the head of the Fed said, this will contribute to an early rate cut.
2. The Fed rate will be announced on July 31 and September 18.
3. Bitcoin conference with Trump and special guest. I assume it’s CZ or Gansler himself who will announce the launch of an Ethereum ETF.
But! The heart feels that traders will be deceived by technical analysis: Bitcoin will be high, the volumes will not be confirmed, and then the order book will be hit, as it was from 32k to 36k 😈
I’ll write a post soon about when to expect a Fed rate cut!
A ton of liquidations have accumulated up to 54k, but now it is not possible to go down and take them, because with such a decrease, your favorite alt will simply have to delist.