YourNigtmare

#everyone $BTC $ETH As you can see... oil is rising again after Saudi Arabia shut the East-West pipeline following the drone attack... and the Fed meeting is tomorrow.
Yet Bitcoin is still being pushed higher.
In my opinion the reason is clear... too many traders opened short positions on BTC... ETH and other major coins. Binance and other exchanges know where their own users’ liquidation levels are... and this market is being squeezed higher to force those short positions out.
It is not happening in just one coin... BTC... ETH... and many others are moving together.
The macro risks have not disappeared... oil is rising... inflation is still high... Treasury yields remain elevated... and the Fed is still ahead of us.
So be careful... this rally does not necessarily mean the risk is over. It could simply be another short squeeze before the Fed.

$BTC $ETH As you can see... oil is rising again after Saudi Arabia shut the East-West pipeline following the drone attack... and the Fed meeting is tomorrow.
Yet Bitcoin is still being pushed higher.
In my opinion the reason is clear... too many traders opened short positions on BTC... ETH and other major coins. Binance and other exchanges know where their own users’ liquidation levels are... and this market is being squeezed higher to force those short positions out.
It is not happening in just one coin... BTC... ETH... and many others are moving together.
The macro risks have not disappeared... oil is rising... inflation is still high... Treasury yields remain elevated... and the Fed is still ahead of us.
So be careful... this rally does not necessarily mean the risk is over. It could simply be another short squeeze before the Fed.

$ETH $SOL $AAVE The market is looking more dangerous now... US jobs were expected around 56K but came in at 162K... oil is back above $100... inflation pressure is increasing and the market is already pricing a much higher chance of a Fed rate hike.
Today we have PPI... if it comes in hot we could see another big wave of selling. Tomorrow CPI could bring even more pressure if inflation is also higher than expected. Then the biggest risk comes with the Fed meeting... if the Fed actually hikes rates the selloff could become much stronger.
My bearish scenario is simple... BTC could first test 75K... then 70K... and if the pressure keeps building we could even see 65K–60K.
I would rather wait for the panic selloff and buy much lower than chase the market here... if BTC really drops hard we can buy the dip at much better prices.