Really guys... draw a few lines on $BTC , call $95K next week and then a dump, and suddenly it goes viral đ
So guys, you definitely ask me, "Meow, is $95K next week actually possible?"
Yes â $95K is possible. But that drawing doesn't prove it. BTC's next move depends much more on what happens with macro.
A few days ago, before the TrumpâWhite House meeting, many were expecting deeper BTC downside. Then BTC pumped sharply. That's the point: this isn't the old BTC cycle where you can simply say "resistance = whale sells = dump."
Technical structure and derivatives matter, but macro is currently driving the bigger reaction. Strong PMI already pushed yields higher, with the 10Y around 5.1%, while US spot BTC ETFs still recorded about $191M inflows on Sept 24.
Now look at next week: NFP on Oct 2.
Strong NFP â stronger growth â higher-for-longer/rate-hike expectations â yields can rise â BTC could face a hard rejection near $95K.
Weak NFP â rate-hike expectations can cool â yields can fall â shorts can get squeezed â BTC could push through $95K instead.
And US-Iran talks are another variable. A genuine de-escalation could reduce oil and inflation pressure, which would also improve the macro backdrop.
So yes, $95K is possible. But whether $BTC holds or rejects there won't be decided by a few lines someone drew on a chart.
The chart gives a scenario. Macro decides how that scenario plays out.
Follow @MeowAlert â forget the noise, know the actual data. Reactions won't make you rich; understanding, discipline and execution will. đ±
So guys, you definitely ask me, "Meow, is $95K next week actually possible?"
Yes â $95K is possible. But that drawing doesn't prove it. BTC's next move depends much more on what happens with macro.
A few days ago, before the TrumpâWhite House meeting, many were expecting deeper BTC downside. Then BTC pumped sharply. That's the point: this isn't the old BTC cycle where you can simply say "resistance = whale sells = dump."
Technical structure and derivatives matter, but macro is currently driving the bigger reaction. Strong PMI already pushed yields higher, with the 10Y around 5.1%, while US spot BTC ETFs still recorded about $191M inflows on Sept 24.
Now look at next week: NFP on Oct 2.
Strong NFP â stronger growth â higher-for-longer/rate-hike expectations â yields can rise â BTC could face a hard rejection near $95K.
Weak NFP â rate-hike expectations can cool â yields can fall â shorts can get squeezed â BTC could push through $95K instead.
And US-Iran talks are another variable. A genuine de-escalation could reduce oil and inflation pressure, which would also improve the macro backdrop.
So yes, $95K is possible. But whether $BTC holds or rejects there won't be decided by a few lines someone drew on a chart.
The chart gives a scenario. Macro decides how that scenario plays out.
Follow @MeowAlert â forget the noise, know the actual data. Reactions won't make you rich; understanding, discipline and execution will. đ±
