Okay so... $BTC has been moving sideways for almost TWO DAYS now, sitting around $75,800.
Weekend market... barely any movement, volume is drying up and everyone is just waiting 😅
But to be honest, i am expecting a strong upside move on MONDAY.
US jobs data came in stronger than expected, with 165K jobs added and unemployment at 4.1%. Although stronger data can also complicate Fed rate expectations...
Looking at the 1H chart, $BTC is consolidating after that brutal dump to $74,888.
If buyers reclaim $76,250 and push through $77,200, i think $80,000 is a realistic target for the next recovery move.
Not expecting $90K overnight... just a decent recovery after all this selling.
But if $74,888 breaks again, my bullish idea gets much weaker.
Who else is expecting a GREEN Monday for BTC ❓
Weekend market... barely any movement, volume is drying up and everyone is just waiting 😅
But to be honest, i am expecting a strong upside move on MONDAY.
US jobs data came in stronger than expected, with 165K jobs added and unemployment at 4.1%. Although stronger data can also complicate Fed rate expectations...
Looking at the 1H chart, $BTC is consolidating after that brutal dump to $74,888.
If buyers reclaim $76,250 and push through $77,200, i think $80,000 is a realistic target for the next recovery move.
Not expecting $90K overnight... just a decent recovery after all this selling.
But if $74,888 breaks again, my bullish idea gets much weaker.
Who else is expecting a GREEN Monday for BTC ❓
