$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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