๐ฉ BITCOIN GOT SQUEEZED BY EVERYTHING THIS WEEK. IT DIDN'T CRACK.
๐ PROGRESS
โ Now: ~$76,500
โ Week: -3% (monthly low $75K on Wed โ bounced to $77K)
โ YTD: -13% | From $126K ATH: -40%
โ Dominance: 59% โ BTC still owns the market
โก WHY IT'S MOVING
โ Fed hiked 25 bps (first hike in 3 years) โ priced in
โ CLARITY Act failed in the Senate โ
โ 10-yr yield at 4.97% โ highest in a year
โ ETFs: -$296M outflow on Wed
โ BUT: $260M in SHORTS liquidated on the bounce. Bears got trapped.
๐ฏ LEVELS THAT MATTER
๐ข Support: $76,500 (defended for weeks) โ $74,000 โ $70-72K
๐ด Resistance: $77,000 โ $78,500 โ $80,000
๐ฎ NEXT MOVE
๐ BULL: Fed signals "one and done" + oil cools โ reclaim $80K, Q4 rally begins
๐ BASE: Chop between $74K-$78K into Q4 (most likely)
๐ป BEAR: Another hike added to the dot plot โ $74K breaks โ $70K test
Willy Woo: "90% probability the bottom is in."
Bank of America: "More hikes in Oct and Dec."
Someone is wrong. Q4 decides.
Where does BTC open October? ๐
๐ข $80K+ | ๐ก $74-78K | ๐ด <$72K
$BTC
#Bitcoin #BTC #CryptoAnalysis #FOMC #PriceAnalysis #CryptoNews #BinanceSquare #Write2Earn
๐ PROGRESS
โ Now: ~$76,500
โ Week: -3% (monthly low $75K on Wed โ bounced to $77K)
โ YTD: -13% | From $126K ATH: -40%
โ Dominance: 59% โ BTC still owns the market
โก WHY IT'S MOVING
โ Fed hiked 25 bps (first hike in 3 years) โ priced in
โ CLARITY Act failed in the Senate โ
โ 10-yr yield at 4.97% โ highest in a year
โ ETFs: -$296M outflow on Wed
โ BUT: $260M in SHORTS liquidated on the bounce. Bears got trapped.
๐ฏ LEVELS THAT MATTER
๐ข Support: $76,500 (defended for weeks) โ $74,000 โ $70-72K
๐ด Resistance: $77,000 โ $78,500 โ $80,000
๐ฎ NEXT MOVE
๐ BULL: Fed signals "one and done" + oil cools โ reclaim $80K, Q4 rally begins
๐ BASE: Chop between $74K-$78K into Q4 (most likely)
๐ป BEAR: Another hike added to the dot plot โ $74K breaks โ $70K test
Willy Woo: "90% probability the bottom is in."
Bank of America: "More hikes in Oct and Dec."
Someone is wrong. Q4 decides.
Where does BTC open October? ๐
๐ข $80K+ | ๐ก $74-78K | ๐ด <$72K
$BTC
#Bitcoin #BTC #CryptoAnalysis #FOMC #PriceAnalysis #CryptoNews #BinanceSquare #Write2Earn
