🚨 BITCOIN Urgent UPDATE ‼️ READ BEFORE TAKING ANY TRADE 🚨
Bitcoin dropped almost 4,000 points after the rejection. Yesterday we were already short and booked very good profit from this move.
Now the question is simple: if BTC cannot go higher, does it keep falling?
BTC has been trading inside the same box for weeks.
76K as Support
80K as Resistance
It moved from 76K toward 80K and then quickly came back down. Swing traders have been making good profit from this range, but now this box could finally break.
The biggest reason is the Clarity Bill, followed by the Fed rate decision.
My experience is saying Clarity bill decision will be bearish today 📉
If you all remember I'm saying this since August that After 15 September Market can see a big pullback so don't forget it 👀
Ok let me make it easy o understand for everyone
If the bill doesn’t pass → bearish.
If it passes → BTC may pump first, but after that we can still see a correction because a lot of this good news may already be priced in and now hype is over
So I’m staying cautious.
The Fed decision tomorrow can still change the situation. If the Fed gives the market something positive, BTC could get another push.
But until then, I don’t want to blindly chase longs.
Yesterday we took our short, made profit and secured it.
For long-term spot holders, the situation is different. But with leveraged positions, I prefer reducing risk before major news.
Money in hand is real profit.
I would rather make a little less than watch a profitable trade turn into a loss.
For now, watch 76K and 80K closely.
This is overall Fundamentals overview .Next I will post the Complete setup
Follow @Panda Traders and turn on your notifications
$BTC $SOL $ETH
Bitcoin dropped almost 4,000 points after the rejection. Yesterday we were already short and booked very good profit from this move.
Now the question is simple: if BTC cannot go higher, does it keep falling?
BTC has been trading inside the same box for weeks.
76K as Support
80K as Resistance
It moved from 76K toward 80K and then quickly came back down. Swing traders have been making good profit from this range, but now this box could finally break.
The biggest reason is the Clarity Bill, followed by the Fed rate decision.
My experience is saying Clarity bill decision will be bearish today 📉
If you all remember I'm saying this since August that After 15 September Market can see a big pullback so don't forget it 👀
Ok let me make it easy o understand for everyone
If the bill doesn’t pass → bearish.
If it passes → BTC may pump first, but after that we can still see a correction because a lot of this good news may already be priced in and now hype is over
So I’m staying cautious.
The Fed decision tomorrow can still change the situation. If the Fed gives the market something positive, BTC could get another push.
But until then, I don’t want to blindly chase longs.
Yesterday we took our short, made profit and secured it.
For long-term spot holders, the situation is different. But with leveraged positions, I prefer reducing risk before major news.
Money in hand is real profit.
I would rather make a little less than watch a profitable trade turn into a loss.
For now, watch 76K and 80K closely.
This is overall Fundamentals overview .Next I will post the Complete setup
Follow @Panda Traders and turn on your notifications
$BTC $SOL $ETH
