Over the past 10 days, I've faced some harsh criticism. But let me be clear—I don't write for likes, followers, or monetary gain. In fact, I've often told people to stop following me if they don't align with my insights. Still, I stand firm by my analysis, and more than 90% of my predictions have been on point. A fascinating example of this is when I was the first to suggest focusing on burning $USTC rather than $LUNC —a concept no one else was considering at the time. Fast forward, and now it's a hot topic of conversation.
Yes, I know my charts may look overly simple, but that’s because I draw them directly on my phone, using just my finger—no TradingView or other sophisticated tools. I favor a minimalist, yet effective, approach. Now, if you look at the current trend and compare it to the last week of July, the patterns are eerily similar. In my quick sketch, I see a small upward move followed by a sharper decline. Whether this plays out as a minor rise before a fall, or an immediate drop, depends heavily on whale activity. But, considering the global liquidity issues we're facing, I don’t anticipate much room for upward movement. With cash drying up worldwide, expecting a sustained rally seems unrealistic.
Some of you have raised good points, like the possible impact of Chinese ETFs injecting positive liquidity. I respect that viewpoint, but so far, these ETFs have fallen short, underperforming when compared to traditional assets like stocks and gold. This reinforces my stance that we’re stuck in a liquidity crunch.
I’m also among those who see hitting the $80K to $110K range—just not in the immediate future. For that to happen, several macroeconomic shifts need to take place, such as a significant reduction in U.S. Federal Reserve interest rates (likely below 1.5%) and a more favorable regulatory environment for crypto, possibly under a different political administration.
If you think $BTC could surpass $65K in the near term, I’d love to hear your reasoning—always open to thoughtful discussion!
#BTCReboundsAfterFOMC #BTC☀ #Bitcoin❗ #IranianMissilesPlummetsBTC #TCUptober
