đ© BITCOIN GOT SQUEEZED BY EVERYTHING THIS WEEK. IT DIDN'T CRACK.
đ PROGRESS
â Now: ~$76,500
â Week: -3% (monthly low $75K on Wed â bounced to $77K)
â YTD: -13% | From $126K ATH: -40%
â Dominance: 59% â BTC still owns the market
⥠WHY IT'S MOVING
â Fed hiked 25 bps (first hike in 3 years) â priced in
â CLARITY Act failed in the Senate â
â 10-yr yield at 4.97% â highest in a year
â ETFs: -$296M outflow on Wed
â BUT: $260M in SHORTS liquidated on the bounce. Bears got trapped.
đŻ LEVELS THAT MATTER
đą Support: $76,500 (defended for weeks) â $74,000 â $70-72K
đŽ Resistance: $77,000 â $78,500 â $80,000
đź NEXT MOVE
đ BULL: Fed signals "one and done" + oil cools â reclaim $80K, Q4 rally begins
đ BASE: Chop between $74K-$78K into Q4 (most likely)
đ» BEAR: Another hike added to the dot plot â $74K breaks â $70K test
Willy Woo: "90% probability the bottom is in."
Bank of America: "More hikes in Oct and Dec."
Someone is wrong. Q4 decides.
Where does BTC open October? đ
đą $80K+ | đĄ $74-78K | đŽ <$72K
$BTC
#Bitcoin #BTC #CryptoAnalysis #FOMC #PriceAnalysis #CryptoNews #BinanceSquare #Write2Earn
đ PROGRESS
â Now: ~$76,500
â Week: -3% (monthly low $75K on Wed â bounced to $77K)
â YTD: -13% | From $126K ATH: -40%
â Dominance: 59% â BTC still owns the market
⥠WHY IT'S MOVING
â Fed hiked 25 bps (first hike in 3 years) â priced in
â CLARITY Act failed in the Senate â
â 10-yr yield at 4.97% â highest in a year
â ETFs: -$296M outflow on Wed
â BUT: $260M in SHORTS liquidated on the bounce. Bears got trapped.
đŻ LEVELS THAT MATTER
đą Support: $76,500 (defended for weeks) â $74,000 â $70-72K
đŽ Resistance: $77,000 â $78,500 â $80,000
đź NEXT MOVE
đ BULL: Fed signals "one and done" + oil cools â reclaim $80K, Q4 rally begins
đ BASE: Chop between $74K-$78K into Q4 (most likely)
đ» BEAR: Another hike added to the dot plot â $74K breaks â $70K test
Willy Woo: "90% probability the bottom is in."
Bank of America: "More hikes in Oct and Dec."
Someone is wrong. Q4 decides.
Where does BTC open October? đ
đą $80K+ | đĄ $74-78K | đŽ <$72K
$BTC
#Bitcoin #BTC #CryptoAnalysis #FOMC #PriceAnalysis #CryptoNews #BinanceSquare #Write2Earn
