Analysis $BTC 02/06/2025
#BTC, MORE OF THE SAME... we don't have any news here, except for the fact that today we had good data on Unemployment (USA), and we practically couldn't keep prices at $99K for even 2h.
Of course we still have the FED's Balance Sheet in 2:30 hours, but honestly, no one seems to have the will to wait for it, most are far from the charts, and if we don't have anything really good, things will continue like this until next week.
If you look at the spot order book it's really depressing hahahaha, no one wants to buy anything here.
Of course I also wanted prices to get out of here and go up quickly, but the formation of a bottom in prices is always really exhausting and generates anxiety, so take care of your mental health or you will probably give up very close to winning.
There is nothing unusual here on the chart, we are still in that blue band of the chart, with more reasonable support at or near $95,500.
Although Bitcoin Dominance is crushing some #altcoin , we are still making a higher low here and some altcoins are doing the same.
I hope we can AT LEAST close above $96,800 today, so that we don't go into the weekend so vulnerable.
It looks horrible, I know, but it has looked horrible at other times and we have improved.
No major movement from SELLERS or BUYERS, neither side wants to risk getting caught at this point and not being able to get out without a loss.
Everyone is cautious about the next move, so I suggest you stop for a bit in the Futures market and wait for a clear move here. Remember that not trading is also a strategy.
I still feel confident here, and the support in the green band is still support until it isn't, so don't get too upset in advance, if you're not trading futures, just walk away from the charts, relax and come back next week.
I WILL CONTINUE HOLDING ALL MY ALTCOINS!
#BTC, MORE OF THE SAME... we don't have any news here, except for the fact that today we had good data on Unemployment (USA), and we practically couldn't keep prices at $99K for even 2h.
Of course we still have the FED's Balance Sheet in 2:30 hours, but honestly, no one seems to have the will to wait for it, most are far from the charts, and if we don't have anything really good, things will continue like this until next week.
If you look at the spot order book it's really depressing hahahaha, no one wants to buy anything here.
Of course I also wanted prices to get out of here and go up quickly, but the formation of a bottom in prices is always really exhausting and generates anxiety, so take care of your mental health or you will probably give up very close to winning.
There is nothing unusual here on the chart, we are still in that blue band of the chart, with more reasonable support at or near $95,500.
Although Bitcoin Dominance is crushing some #altcoin , we are still making a higher low here and some altcoins are doing the same.
I hope we can AT LEAST close above $96,800 today, so that we don't go into the weekend so vulnerable.
It looks horrible, I know, but it has looked horrible at other times and we have improved.
No major movement from SELLERS or BUYERS, neither side wants to risk getting caught at this point and not being able to get out without a loss.
Everyone is cautious about the next move, so I suggest you stop for a bit in the Futures market and wait for a clear move here. Remember that not trading is also a strategy.
I still feel confident here, and the support in the green band is still support until it isn't, so don't get too upset in advance, if you're not trading futures, just walk away from the charts, relax and come back next week.
I WILL CONTINUE HOLDING ALL MY ALTCOINS!
