All the bad news is almost piled up like a mountain—so why won’t BTC just drop?🤔
Oil prices are heading toward 100, the U.S. stock market is falling, and the probability of another Fed rate hike is back up to around 60%. And on Friday, CPI is waiting to be revealed.
According to the old script, shouldn’t the big BTC coin be down on its knees by now?
So what happened?
It just keeps hovering around 78k—won’t die.😂
What’s even more interesting is that last week the BTC ETF still saw net inflows of about a billion dollars.
So right now, I actually don’t feel like chasing a short.
When something is supposed to drop but refuses to, sometimes that’s even more worth watching than the fact that it’s rising.
These days I’m watching two levels:
Can 78K hold, and can it reclaim 80K?
If Friday’s CPI gives a little more “good face”...
Who do you think won’t be able to sit still first—the longs or the shorts?$BTC $CL
Oil prices are heading toward 100, the U.S. stock market is falling, and the probability of another Fed rate hike is back up to around 60%. And on Friday, CPI is waiting to be revealed.
According to the old script, shouldn’t the big BTC coin be down on its knees by now?
So what happened?
It just keeps hovering around 78k—won’t die.😂
What’s even more interesting is that last week the BTC ETF still saw net inflows of about a billion dollars.
So right now, I actually don’t feel like chasing a short.
When something is supposed to drop but refuses to, sometimes that’s even more worth watching than the fact that it’s rising.
These days I’m watching two levels:
Can 78K hold, and can it reclaim 80K?
If Friday’s CPI gives a little more “good face”...
Who do you think won’t be able to sit still first—the longs or the shorts?$BTC $CL
