$BTC price action is currently stuck in a range because of the weekend. 😡 Once the weekend ends, I believe it can drop to the $88K area to take out lower-level liquidity before making another strong upside move. If you're already in a position, keep your stop-loss below $87K to stay safe 👀
🇺🇸 US employment rate & a few other important data will drop in the next 2 hours! The forecast is 4.5%, if we get less than that, we could see an upside move on $BTC 👀 Trade carefully, USE YOUR SL!
The $BTC weekly RSI looks good. Price has turned this trendline into support and is holding above it. 🔥 I believe we can hit $100k within this week or next if it holds this support.
After forming a double top, USDT Dominance is dropping. Good sign for $BTC and the overall crypto market 🔥 It should drop another 1% or more to trigger another rally.
$SOL looks pretty strong compared to $BTC and is forming a bottoming structure. Keep an eye on SOL, it may form a double bottom, giving you another chance to buy or DCA.🚨
$BTC is just building volume on previously formed bullish candles. We've seen this pattern before, you can clearly see it on the chart. Bitcoin may trade sideways for a few more days, but I believe it will make one more push upside toward around $110K.
$BTC has more liquidity to the downside, around $83.5k. I'm interested to playing long in that range. 👀 Let's see what happens when the US session opens.
U.S. government bond yields are spiking sharply. 🚨 That's bad news for $BTC and risk-on assets in general. We need them to cool down for the next leg up.
The $BTC Fear and Greed Index is currently at "EXTREME FEAR." 🚨 On the other hand, the stock market Fear and Greed Index is approaching the "NEUTRAL" zone. I believe crypto will catch up soon, as it appears very close to the bottom.
$BTC is trying to break the LPSY (Last Point of Supply).🔥 Every time Bitcoin has hit this trendline in the past, it has been rejected and fallen lower. We need a strong break and close above this line, and to stay above it, for the next leg up🚀