In the last 2-3 updates we have strongly mentioned 2 things. Bet 30% profit at $67,000 and the first 2-4 days of October will be the bearish day. We were also personally waiting for $67,000 to bet 30% profit but the market dropped from $66,500. No problem, we are still profitable because we bought at $56,000. Now let's discuss the next expected move of BTC.

𝟏. 𝗙𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

🔸Jerome Powell hinted at further rate cuts but said we have no plans for any rate cuts yet. Meaning if the data turns out to be positive they could cut rates further.

🔸A FED member said before the speech that they are looking for a 0.5% rate cut in November.

🔸Israel has begun a ground raid on Hezbollah.

🔸FTX has started paying back debt.

Overall the fundamental is bearish to some extent so we don't expect any major upside move till tomorrow from 3rd October, maybe some upside move.

𝟐. 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

🔸 According to technical analysis, we are at liquidity support at $62,400 - $63,200. So we can expect a bounce from here after 24 hours + consolidation. And this time the upside move target will be:-

• $67.400

• $69.900

𝟑. 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐎𝐩𝐢𝐧𝐢𝐨𝐧

🔸 In my personal opinion, #BTC☀ will hold the above mentioned support zone and consolidate until tomorrow and from October 3rd we can see an upward move and until October 15th we can see 70K+.

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