We reached today's resistance at the $93,400 level from which we are now seeing a pullback sending the price back toward $92,000
However the upward impulse is not being suppressed very aggressively yet
Therefore as I mentioned earlier I am accounting for the possibility of a squeeze all the way to the resistance boundary at $94,000. There, the trend should very likely shift to downward
I will stick to this scenario until we break the $95,000 level and close above it on the daily chart. Only in that case would it be reasonable to change the setup. Until that happens downward expectations remain the priority
Also my quant sent me this behavioral change in term of BTC current movement.
1. Bid/ask ratio with the ob depth of 10% has now flipped positive, means that swing players are accumulating after previously being dominated by the short sellers on period between Nov 21 - Dec 18. 2. Funding rate is hiking after period of contraction, meaning that the long position is now dominating again in term of total positioning.
Still expecting the liquidation on both long and short before we see an expansion in the price.
The good point right now is that the altcoins (based on the TOTAL3ES) are outperforming Total market cap as the base index in this run.
This is important as it means money is flowing into the RISKIER asset which usually becomes the main driver for much higher movement in total market capitalization.
I'm going to watch how the US equity market open today as I have the thesis that buyer will step in after the tax harvesting period at the year-end.
⚠️DECEMBER MANIPULATION ALERT ⚠️ Traders, stay sharp. December is one of the most manipulated months of the year — thin liquidity, aggressive moves, and unpredictable market behavior. This is the month where impatience destroys accounts. Trade light, protect your capital, and don’t chase moves that aren’t yours. Stay disciplined. Finish the year with your account alive — not blown.
📊 KEY MACRO EVENTS THIS WEEK: A packed data lineup is set to shape market sentiment: 1️⃣ Nov ISM Manufacturing PMI — Monday 2️⃣ Sept JOLTS Job Openings — Tuesday 3️⃣ Nov ADP Nonfarm Employment — Wednesday 4️⃣ Nov S&P Global Services PMI — Wednesday 5️⃣ Nov ISM Non-Manufacturing PMI — Wednesday 6️⃣ Initial Jobless Claims — Thursday 7️⃣ Sept PCE Inflation — Friday 8️⃣ Dec Michigan Consumer Sentiment — Friday With critical labor, inflation, and sentiment indicators on deck, markets could see heightened volatility as traders reassess economic momentum and Fed expectations. Macro #Economy #Markets #PMI #Inflation #JobsData
BTC – Short-Term Perspective (POV Only) Not financial advice — market may change anytime.
At the moment, BTC might be forming an inside bar structure, which could keep price movement choppy in the short term. I may wait for a liquidity grab before considering any direction. If BTC takes the Buy-Side Liquidity (BSL) first, then price could move into the discount zone and might attempt a reversal from the nearest FVG.
However, sellers might remain active as the weekend is approaching, and the market could face sudden downward pressure.
In such a scenario, BTC should maintain a more bullish outlook overall if it reacts properly from demand levels. Traders should remain cautious and manage risk properly.
99% of the time, this liquidation will get liquidated.. So, don’t be ignorant and adjust your position wisely
$BTC has more liquidity Upside
#BTC Market Perspective Based on technical analysis, BTC might be bullish on both the higher timeframe (HTF) and lower timeframe (STF). However, on the STF, traders appear to be overly greedy and might be placing a significant number of short orders.
Whales could be attempting to capture liquidity from these positions. Heatmaps may indicate that there is a potential $12M liquidity zone around the $9180–$9300 price range.
Similarly, another liquidity cluster could exist near $10M in the $9000–$9080 range. Based on this observation, BTC might first take the Buy-Side Liquidity (BSL) before reacting further.
BTC – Short-Term Perspective (POV Only) Not financial advice — market may change anytime.
At the moment, BTC might be forming an inside bar structure, which could keep price movement choppy in the short term. I may wait for a liquidity grab before considering any direction. If BTC takes the Buy-Side Liquidity (BSL) first, then price could move into the discount zone and might attempt a reversal from the nearest FVG.
However, sellers might remain active as the weekend is approaching, and the market could face sudden downward pressure.
In such a scenario, BTC should maintain a more bullish outlook overall if it reacts properly from demand levels. Traders should remain cautious and manage risk properly.
POV: BTC & BTC.D Observing BTC and BTC Dominance together, the charts may be suggesting a potential scenario where Bitcoin might be rising, while dominance could be falling. From a technical perspective, dominance appears bearish, while BTC itself seems to be maintaining a bullish structure. In many market situations, when BTC increases while dominance decreases, altcoins tend to show stronger and faster growth. Currently, some altcoins appear ultra-bullish on the 1-hour timeframe, which may indicate increased momentum in the altcoin market. Based on this behavior, the market could provide bullish opportunities on both BTC and altcoins — however, market conditions may change anytime, so caution should be maintained.
Bitcoin might be trading around its weekly demand zone and trendline area, where it may start to show a stronger buying reaction. Based on other BTC perspectives, the overall structure could be turning bullish.
Additionally, the correlation between BTC and USD appears to be leaning in a bullish direction for Bitcoin.
We can observe that the USD Index is currently reacting from a major supply zone — a level that previously served as a demand zone but has now turned into supply after being broken last month. This shift could indicate potential weakness in the USD.
If this correlation continues, the crypto market might show strength in the coming weeks, and Bitcoin should display more bullish behavior on the chart.
Do Kwon really said "5 years is enough" for a $40 BILLION fraud
That’s what Do Kwon wants after torching $40B and deleting millions of people’s life savings. He did 3 years in Montenegro and thinks the tab is closed…
Meanwhile victims are still living the aftermath. If 5 years covers this level of damage, what even is justice? 😭
Yesterday, Bitcoin miners spent 17 minutes searching for a new block instead of the standard ~10 minutes.
There have been cases where the interval between blocks was significantly longer: one of the records is 85 minutes. There are also documented cases of blocks that took up to 2 hours and 19 minutes.
The longest recorded interval was between block 0 (the genesis block) and block 1 — about 5 days and 8 hours.
Long intervals may be related to a drop in hashrate (fewer miners or equipment shutdown), which slows down the discovery of the next block.
We need to watch this closer. This could be another risk for MSTR as the BTC's higher beta play.
The analyst consensus is still bullish but it can soon changing. The average target is at $499 but the main problem is all those portfolio managers are now deep underwater.
We need to see BTC hike to the area above $100k as soon as possible otherwise there is likely these analysts will downgrade the MSTR consensus rating.
If MSTR is getting downgraded, it will be a loophole for BTC too and can drag down the BTC's price.
Look, here’s the real truth about trading as I’ve come to understand it — when a person reaches this stage, they usually go silent, because this is where the *real direction* begins…
The truth is: – Trading isn’t quick. – It’s not about taking trades every day. – One of the most important rules is **profit in percentage**.
The trader in the attached picture is a very big trader. After blowing many accounts, in the last six weeks he’s made just **5% profit**.
And here, people want **50% profit in 10 days** 😂 As if they’ve found *Aladdin’s magic lamp!*
Babu bhai, the trading you imagine doesn’t exist. You’ve ruined a beautiful thing by misunderstanding it.