Analysis $BTC 01/09/2025
#BTC, no surprises here... we are still working in the support range and although the BEARS attacked lower prices today, they still didn't do anything much different from what we expected here in this green range on the chart.
We are seeing the media explore this subject of Silk Road BTCs, but honestly I am not sure that they will sell and even so we have already gone through something similar with the German Government and then shot up, so I will not worry too much ahead of time. I am particularly interested in the PayRoll data tomorrow, it will give us the direction.
Although we had a good 4h candle before this one, I am not going to get excited about it, after all, we need good data tomorrow anyway, it doesn't matter if we are going to be in this green range or at $96K, we need good data tomorrow!
There is very strong support in this region. Yesterday, we saw 34K BTC being bought by whales and we are seeing weekly net flows of IBIT at $1B. In my OPINION, things are like this because many investors want to wait for tomorrow's economic data and not take unnecessary risks, so the lack of buying here leaves only whales buying.
I won't bring any data because it won't be of any use, what decided this is tomorrow's data...so the thinking is the same:
THE GREEN BANDS ARE SUPPORT and the prices working there, the big holders, will directly interfere in the game and send us back up and we will certainly go to $105k. Don't doubt it, after all, we did exactly that last time.
The PayRoll should be the trigger!
SEND!
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