My thoughts for the coming week. 🧠📅

Firstly note, today (27 May) is a bank holiday in the US and UK 🏦🇺🇸🇬🇧 and the stock exchanges are closed. (Lower volume) 📉

Early tomorrow, we have BOJ (Bank of Japan) Gov Ueda speaking 🗣️🇯🇵, though it won't have a huge impact on crypto short term 💹. Japan is the world's 4th largest economy and a huge crypto market, so his policy moves are worth noting. 🌏

I personally think we will see a quiet start to the week for crypto with no major moves until Thursday or Friday 📊 when we get key economic news from the US 🇺🇸. MOST importantly will be PCE on Friday. 🗓️ (It could be a pretty boring week till then) 😴

Should the ETH S-1 approvals happen this week, then that will shake things up a bit ⚖️💥. For those who don’t understand, S-1 approvals are needed so the ETFs can actually be traded. (These approvals could still take weeks) 📑⌛

I think it is VERY UNLIKELY we see $BTC push to test new ATH in the coming week 📉🚫. (We will probably be within the $66.5-$70.5k region until late Thursday-Friday) 📈📅

I also think it is VERY possible we see tokens that have pumped in the last few days to have a correction in the coming few days 💸🔄 ($ENA, $BB and so on). I am NOT saying sell, short, or close good entries but don’t FOMO in long leverage at current prices. 🚫🤦‍♂️

Mostly, I see sideways movement in major crypto (excluding ETH) for the coming days 📉↔️, but be aware of pump and dumps in the low circ supply projects 💹💥, especially those pumping because of ETH FOMO. 🌊

If you are a short-term trader, the most important thing is to recognize trends 📈 (The trend is your friend) and currently, we DON’T have one 📊🚫 (we are still sideways mostly). Don’t force yourself into bad entries 🛑, you have to be patient and find good entries, it's the only way you will succeed. 🏆💡

Be Smart. 🤓

Peace. ✌️

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