$BTC
We are again at $87K and still trying to stay above this region to gain more strength for a new attack at $90K.
Notice that the EMA 50(4h) is about to come below the yellow range I drew on the chart, so we will have some difficulty before reaching the range, however, if we can close TODAY above $87K, we can break it by Friday and quickly move to the EMA 200 (in the red range).
It is clear that most are focused tomorrow on the Japanese Central Bank, but I am more interested in the IPC data tomorrow in the USA... it could quickly create an optimistic outlook.
Yesterday we exhaustively saw news related to the Bank of Japan and the most intriguing, not to say ABSURD, is that large accounts spread a completely false narrative and do not care to correct it, such as the fact that... during the night the title of their posts was: "CONFIRMED - BANK OF JAPAN WILL RAISE 0.75 BPS". Here, there is 1 lie and 1 deliberate misleading statement, let's go:
1) There is nothing confirmed by the Japanese Central Bank, so it doesn't matter how much evidence there is, you cannot say that something has been confirmed when it hasn't, no matter how SURE YOU ARE.
2) The use of the phrase: WILL RAISE 0.75Bps" clearly aims to make the less informed run in fear, thinking that there will be a 0.75Bps INCREASE only that day, when EVEN if it does increase (and I THINK it will), the increase should be 0.25Bps that day, therefore, with the 0.50Bps that HAS ALREADY BEEN INCREASED, we would end up with 0.75Bps, but see that the way you present this changes completely.
While retail is scared, according to data from GLASSNODE, wallets holding between 100 and 1,000 #BTC bought an additional 54K BITCOINS during this week's drop, the fastest accumulation pace since 2021.
While you think the market is dead, big investors keep ACCUMULATING!
Make your choice wisely!
We are again at $87K and still trying to stay above this region to gain more strength for a new attack at $90K.
Notice that the EMA 50(4h) is about to come below the yellow range I drew on the chart, so we will have some difficulty before reaching the range, however, if we can close TODAY above $87K, we can break it by Friday and quickly move to the EMA 200 (in the red range).
It is clear that most are focused tomorrow on the Japanese Central Bank, but I am more interested in the IPC data tomorrow in the USA... it could quickly create an optimistic outlook.
Yesterday we exhaustively saw news related to the Bank of Japan and the most intriguing, not to say ABSURD, is that large accounts spread a completely false narrative and do not care to correct it, such as the fact that... during the night the title of their posts was: "CONFIRMED - BANK OF JAPAN WILL RAISE 0.75 BPS". Here, there is 1 lie and 1 deliberate misleading statement, let's go:
1) There is nothing confirmed by the Japanese Central Bank, so it doesn't matter how much evidence there is, you cannot say that something has been confirmed when it hasn't, no matter how SURE YOU ARE.
2) The use of the phrase: WILL RAISE 0.75Bps" clearly aims to make the less informed run in fear, thinking that there will be a 0.75Bps INCREASE only that day, when EVEN if it does increase (and I THINK it will), the increase should be 0.25Bps that day, therefore, with the 0.50Bps that HAS ALREADY BEEN INCREASED, we would end up with 0.75Bps, but see that the way you present this changes completely.
While retail is scared, according to data from GLASSNODE, wallets holding between 100 and 1,000 #BTC bought an additional 54K BITCOINS during this week's drop, the fastest accumulation pace since 2021.
While you think the market is dead, big investors keep ACCUMULATING!
Make your choice wisely!
