$BTC COULD BE APPROACHING ANOTHER MAJOR RESET
The catalysts are decent:
Clarity Act - Failed
FOMC meeting - Hike
Both events added more pressure to an already weak structure
BTC is now back below the key resistance zone
And historically, major cycle resets don’t happen in one move
I’m expecting more volatility first, with $70K as the next major test
If that level breaks, $63K -> $51K becomes the area I’ll be watching
The important part is what happens after the reset
FOLLOW + NOTIFS ON!
$BTC
The catalysts are decent:
Clarity Act - Failed
FOMC meeting - Hike
Both events added more pressure to an already weak structure
BTC is now back below the key resistance zone
And historically, major cycle resets don’t happen in one move
I’m expecting more volatility first, with $70K as the next major test
If that level breaks, $63K -> $51K becomes the area I’ll be watching
The important part is what happens after the reset
FOLLOW + NOTIFS ON!
$BTC
