💵 BTCUSDT
Thoughts on the market
Today will be a rather volatile day, so I will remind you right away to be extremely careful - be afraid of helicopters.
— Bloomberg
The chart shows that BTC is stuck in a tough range, the breakout of which is about to happen. The level of 61350 will be a breakout. What do we need to understand the price direction? Not to fool around, but to wait for this very breakout of the range!
Ideally, longs need to close above 63K, and it would be great if we form a fix above the channel in the 64K area by Monday. Without a fix, but only a sweep = we fly to local lows to kiss 54K.
All those figures that are in full view of absolutely everyone will not work as usual or even worse - will only start working, as MM will start to bend. Therefore, we do not exclude the lower level for selection.
The " velvet season of crypto " is coming = local crypto-thaw ! Liquidity is returning to the market - so we are bulls in the long term!
Thoughts on the market
Today will be a rather volatile day, so I will remind you right away to be extremely careful - be afraid of helicopters.
Today J. Powell speaks at 17:00 Moscow time in Jackson Hole! Markets are waiting for the Fed chief to signal an interest rate cut
— Bloomberg
The chart shows that BTC is stuck in a tough range, the breakout of which is about to happen. The level of 61350 will be a breakout. What do we need to understand the price direction? Not to fool around, but to wait for this very breakout of the range!
Ideally, longs need to close above 63K, and it would be great if we form a fix above the channel in the 64K area by Monday. Without a fix, but only a sweep = we fly to local lows to kiss 54K.
All those figures that are in full view of absolutely everyone will not work as usual or even worse - will only start working, as MM will start to bend. Therefore, we do not exclude the lower level for selection.
The " velvet season of crypto " is coming = local crypto-thaw ! Liquidity is returning to the market - so we are bulls in the long term!