$BTC just had 3 straight weeks up (+12% since mid-Sept) but the setup screams trap.
US jobs data missed hard: 29K vs 90K expected. Market instantly priced out rate hikes (Oct odds collapsed from 70% to 18.3% in one week). Classic "bad news is good news" pump — never trust these.
Now $BTC is stuck 85-87K, rejecting 87K multiple times. ETF flows turning negative (-$89.8M on Oct 5). Liquidity drying up.
FED minutes drop Oct 7, next meeting Oct 27-28. If Powell sounds even slightly hawkish, this rally gets wiped fast.
Don't chase. If you're already in, stick to your DCA plan. If not, wait for confirmation or a real pullback. Risk/reward here is trash.
US jobs data missed hard: 29K vs 90K expected. Market instantly priced out rate hikes (Oct odds collapsed from 70% to 18.3% in one week). Classic "bad news is good news" pump — never trust these.
Now $BTC is stuck 85-87K, rejecting 87K multiple times. ETF flows turning negative (-$89.8M on Oct 5). Liquidity drying up.
FED minutes drop Oct 7, next meeting Oct 27-28. If Powell sounds even slightly hawkish, this rally gets wiped fast.
Don't chase. If you're already in, stick to your DCA plan. If not, wait for confirmation or a real pullback. Risk/reward here is trash.