/7 - A week of a new vibe, with the “up bô...” smell behind it...
For the past few days, after moving sideways in the BTC 65k–66k range, it has started to show signs of weakening. The clearest thing I’ve noticed is that the H timeframes are turning downward consecutively, and the strength of the 1D timeframe is gradually weakening as well.
👉 The smaller timeframe breaks first, then it spreads to the bigger timeframe—I always watch this. That’s why in this part I’m not placing as much importance on LONG as I did last week; I’m waiting for those nice correction (rebound) waves and holding SHORT.
The 65k7–65k8 zone is still an important key level. If BTC can’t test it again 1–2 times and break through, then the likelihood of a sharp drop will increase significantly. If volume turns out to be good and it can break, then there may be an opportunity to retest the 67k–68k zone.
💭 My personal take:
This week, I’m still paying more attention to the FOMC and the US GDP and Core PCE data. If the Fed keeps a hawkish stance and inflation doesn’t decrease as expected, then capital can’t flow into BTC with a sudden surge.
For the past few days, after moving sideways in the BTC 65k–66k range, it has started to show signs of weakening. The clearest thing I’ve noticed is that the H timeframes are turning downward consecutively, and the strength of the 1D timeframe is gradually weakening as well.
👉 The smaller timeframe breaks first, then it spreads to the bigger timeframe—I always watch this. That’s why in this part I’m not placing as much importance on LONG as I did last week; I’m waiting for those nice correction (rebound) waves and holding SHORT.
The 65k7–65k8 zone is still an important key level. If BTC can’t test it again 1–2 times and break through, then the likelihood of a sharp drop will increase significantly. If volume turns out to be good and it can break, then there may be an opportunity to retest the 67k–68k zone.
💭 My personal take:
This week, I’m still paying more attention to the FOMC and the US GDP and Core PCE data. If the Fed keeps a hawkish stance and inflation doesn’t decrease as expected, then capital can’t flow into BTC with a sudden surge.