#BTC, again weak and depressing, had a good reaction yesterday as I expected, we went above $43,500 and then reached $43,800, but the BULLS were not able to sustain the price there, as the #FOMC data were within the expected, but #Powell's statements that interest rate cuts might have to wait a little longer were very bad for the risk market.

Check on the chart that we found support precisely in the region where I had already left a blue circle, which was the likely place where the fall would stop, and we were right there.

The Bulls let the price come very close to a critical point yesterday, so as I was already mentioning the monthly close, I don't think it was strong in any way.

Interestingly, #SPOT continues to buy, even with lower values, they are buying in cash, so I believe we will do the opposite of what most of the BIG ACCOUNTS here are posting. See that the same guys who posted about $60K in #bitcoin yesterday posted about $35K today, but as I've always been warning... THE TRUTH IS REVEALED TO A FEW, THE CROWD IS ALWAYS WRONG, so I believe that today we will see some reaction of the #BULLS here, as the most important thing is shopping at #SPOT and this is happening.

I believe the #BULLS will look to squeeze the late #SHORTS here. And given the failure of the #BEARS to push the price below $40K so far, I assume a rally is more viable now, as everyone is pointing downwards, and the vast majority expect us to fall from here soon.

Large Buy orders are accumulating at $39K/40K and large sell orders continue to be placed at $47K, but some others have dropped to $45K.

Ualifi Araújo