$BTC Analysis - September 29, 2024

Key Factors to Watch

Before diving into the analysis, let's highlight crucial events that may impact market direction:

1. FTX repayment to creditors begins tomorrow.

2. Jerome Powell speaks at 10:55 PM PST, influencing BTC's next move.

3. ETF shows strong buying signals.

4. Significant liquidations ($1.2B+) at $67,200.

Fundamental Analysis

Fundamentals appear bullish, but Powell's speech may alter the landscape. Wait for his address before making moves.

Technical Analysis

Bullish signals indicate a potential upward move toward $67,200. Order blocks are filled, and liquidations may trigger a breakout.

Personal Opinion (POV)

Consider taking 30% profit at $67,000. If the market closes above $67,500 (1D chart), target $70,000. Otherwise, expect a correction in early October.

Actionable Advice

Wait for $67,000 and take 30% exit.

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