We got the move, and $BTC C is now sitting almost exactly where we were before the data. This is what real patience in trading looks like.
The economic data came in mixed, with some important numbers standing out. ADP Non-Farm Employment Change came in at 90K versus 73K expected, while Core PCE was 0.2% compared with the 0.3% forecast. Final GDP also came in stronger at 2.2% versus 1.5% expected, while Personal Spending reached 0.9% against 0.8% expected. Personal Income, however, missed expectations at 0.2% versus 0.5%.
BTC initially pushed up toward $85,600 before coming back toward the levels we were watching.
For now, I’m still keeping an eye on the lower ranges around $82,759 and the $80,000 liquidity zone. With the overhead liquidity already taken, I want to see how price reacts around these lower levels before considering an entry.
During our live session, we watche$BTC move from around $83,800 to $85,600 and then back toward $83,000 — and we still stayed out of the trade.
That’s patience.
There’s no reason to force an entry when the market isn’t giving us a clear setup. The same range remains important, and I’ll wait for price to show the direction and confirmation before making a move.
How did you guys find the session? Should we start doing more regular sessions with our respected members so we can discuss the market properly and share our analysis together?
