$BTC Update ✍️

As you may have seen in the comments of my last post, most people expect us to push higher into new ATHs already.

Just to clarify, I’m not bearish on Bitcoin.

I believe that from mid-September to December (basically all of Q4), we’ll see an up-only trend🚀

But before we’ll see a small down trend

Today, I came across a post from @IamZeroIka on X, which further suggests we could go lower. Zero pointed out that OI is reaching a danger zone at 180k, while funding rates remain positive.

Yesterday’s impulsive move took out a big chunk of short liquidity.

BUT there’s also significant liquidity in the 58k-54k range, so we may not even need to reach the 52k area to fill 50% of the wick.

However, a move to the downside seems inevitable before the up-only trend in Q4 🚀.

#PowellAtJacksonHole #CryptoMarketMoves #bitcoin☀️ #BTC☀ #Bitcoin❗