Meanwhile, the point of BTC is to be able to recover above $60,000 at the close of yesterday's candle. If the position is like that, we can assume that this is a liquidity sweep.
My own view is that BTC has the potential to go up to the Imbalance range at around $64,000.
Not sure if this will be the reversal and validate the Inverted Head & Shoulders, or we reject again at Imbalance and continue down again.
This Friday's Core PCE remains key for the overall direction in BTC though.
And while if we look at the forecast, the expectation tends to be good for Crypto.
As I wrote few days ago, $BTC is faced with two choices. Either Sideways and August Bullrun or Current Correction to below 63k and July Bullrun.
A few hours ago it turned out that the Market chose the second option. I hope it will be the lowest point of the correction and immediately bounce back at least to 69K. so, Alts Coin can breathe better.
I am still waiting for confirmation of the ideal position. after that I'll create a new scalping setup. be patient. 🍻
$ETH / USDT 🔴Direction : SHORT 🚨ENTRY 3530-3560 Lev 50x-100x
💥TP1 : 3500 💥TP2 : 3480 💥TP3 : 3450 💥TP4 : 3430
🚨SL : 3680 ( SL Must use )
I'm not forcing you to believe, because all decisions should be under your control. You know better about your financial risk management. it's just my 2cent, may God bless us all. 🍻
Many People say "I think it's hard to go uptrend already!" But rarely do they say "it's already hard to go down again". Actually, the concept of ups and downs is the same because each has resistance and support. The easiest technical tool to determine this is RSI.
$BTC now has 2 options: 1. Bounce back and bullrun in August 2. To 62.8k area and July bullrun Analysis by Bollinger Band weekly time frame + historical movement in 2020. Because of the American election, it needs fresh funds, it is likely to rise as soon as possible.
Market like told before stands at a level of historic spot buying. Spot holders dont have to worry and for leverage, we will give trades.
As earier we mentioned not to go all in on BTC as we still were under resistance. Spot holding will be down, mine are down also, no trader of ALTs with bag of ALTs is all in profit. You are not alone.
The ones who will sell right now or give up will miss the rally which is bound to come. Nothing goes down forever.
16K to 71K has happened. We should not be surprised by this correction. ---- 🚨 FYI, $CRV entered SHORT zone:
The market is still showing its #bearish sentiment. It seems that the selling effort is still quite high. Although 65700 was passed, the rejection wave is still very strong. I bought Spot some coins, if indeed the market dumps, I am averaging down.
I did not open any LONG position setup, but maybe I want to play a little SHORT position with a small margin to test my analysis. Remember if you want to try, use risk management that you can be responsible for.
Have we entered the last deep Dump? I think so. Prepare all your ammunition to start gradually buying your favorite coins.
if $BTC confirms above 65700, we will continue our journey towards 68k-72k. when we get there, the market is no longer discounted even to Altcoins. So, start paying in installments for your favorite coin before the price changes tomorrow.
i will take my $XRP , so what about you? Take Your Time mate! 🍻
$ETH / USDT Direction : SHORT 💥ENTRY 3610-3640 Lev 50x-100x
🔴TP1 : 3570 🔴TP2 : 3540 🔴TP3 : 3500 🔴TP4 : 3450
🚨SL : 3750 ( DONT FORGET for Use SL )
Take Your Portion and Look your Limits. Risk is managed. Lets see if can capitalize on this move. Or we close whatever it will be i will update u all #DYOR
Squeeze under 64k liquidates up to 3 billion long positions 🧸🔽
Rise above 73k will liquidate 7.5 billion short positions ~ 🦬🔼
There is no parity, but both options will be executed sequentially 😏 ------ If we look at $BTC Chart 15m: 💥 In the last update, I shared a bullish update while trading at 66340, and went up to 67k. Because today is a holiday, so there was slow movement at market. Currently, BTC maybe entered to #bearishmomentum. So, everyone can open short positions now.
🚨 I see, #BTC is expected to drop to the following levels: 🔴 65000 🔴 64400 🔴 63700
🚨 Please note that #BTC is currently trading in the 70k zone, where a price range fluctuation of $700 represents a market change of 1%. Understand the market risks and trade with sufficient funds. Always keep your liquidation price at 60k. If you cannot tolerate profit or loss, consider leaving this community. #DYOR
💥Liquidations in the Last 24 Hours, CoinGlass: ~24K traders, totaling ~$42 million — ~60% long positions and ~40% short positions.
The weekend has been very calm, as reflected in the significantly reduced liquidations. BTC is moving around 66K, right within the Fibonacci correction zone.
💥There hasn't been any rebound yet; the buyers are not reacting. Considering that a crucial mirror support level has been broken, it's important to closely watch how the new week opens.
If buyers fail to push BTC back above 67K, we might see a continuation of the decline towards the lower boundary of the medium-term range, around 60K.
💥If buyers show strength, we will follow the Fibonacci levels scenario.
At that time, I was very confident in my analysis. After writing this, an hour later $BTC was Pumping hard. all I took some for Take Profit. After the FOMC announcement, another Dump hit the market. But I still believe in $UNI . So there you have it, $UNI becomes one of the entertainers when the market is sluggish. Thank you.
I'm not a professional trader, just a scalping enthusiast.
LIVE
NICE CROT CRYPTO FUTURES SIGNAL FREE
--
Bullish
💚 Soon the Market Will be Green 💚 #BTC Signal Set up For FOMC
Because I Confident if Soon the Market Will be Green, so I make the set up for scalping this.
💥 $BTC / USDT 🚀
Direction : LONG Lev 50x-100x
🚨ENTRY POINT: 67500-67000
TP1 : 68000 TP2 : 68500 TP3 : 69000 TP4 : 70000
‼️SL : 64000 ( SET YOUR SL)‼️
👇and check for other gem Long Term Set-up👇 $FLOKI $UNI
💥 Liquidation in the last 24 hours, according to CoinGlass: about 69K traders, totaling about $230M - about 65% long positions and 35% short positions.
The upward bounce was not very successful. Now, on the higher time frames, there is upward pressure to 70K. Despite Powell stating that the macroeconomic data looks good and there will likely be one rate cut this year, the market reacted in a neutral to negative manner.
🔥 I stick to my plan. As long as the support zone at 67K holds, the upside bias remains intact.
Therefore, I still expect BTC to experience a bounce off 67K and test 72K. At that time, it will be clearer where BTC will go next: whether to attempt a breakout or stay within the range.
Because market manipulation is actually there. The issue that BTC will soon rally and rise towards the new ATH, is indeed what many people expect. But there is a lot of liquidity that needs to be picked up so that the Whales can peacefully lead BTC towards its ATH. 64K is the price that BTC might be heading towards soon. Pick up the crowd that opened LONG Positions, to come along and enjoy the journey to the new ATH.
In the meantime, enjoy this Green Market. Don't get tired to keep monitoring BTC News, Volume, and Candle Price. Sooner or later the Whale will continue to pick up one by one the positions that are weighing down the BTC road.
Simply put: - If the Projection Interest Rate at the end of 2024 rises to 4.7 - 5%, the market will dump it. - If the Projection Interest Rate is fixed, then the market Pump
There is also a scenario, if the Projection Interest Rate, rises, but Jerome Powell has a dovish tone during the FOMC Press Conference, then the market can Pump too.
But before the Pump, there is a dump first, because the market is disappointed with their unfulfilled expectations that the Fed in 2024 initially wanted to cut the rate 3x, but instead it became 2x and could even be only 1x.