$BTC - The shakeout is DONE. Now for the real move? 👀
Everyone got scared on Oct 2nd NFP and that's exactly what the market wanted.
Here's what actually happened:
U.S. jobs data came in SHOCKINGLY weak - just 29K jobs vs 90K expected.
$BTC wicked above $87K instantly, then dumped hard. Classic trap.
What did that dump do? Shook out all the breakout longs and flipped everyone bearish looking at that big red candle. Smart money move.
But look now...
$BTC is NOT going lower. It's quietly climbing back and holding $84K-$85K. Sellers are exhausted. Green candles are slowly coming back.
This is how bottoms form.
Plan: Still LONG $BTC
Entry: Around $84.5K-$85K zone
Target: $87,500
Stop Loss: $83,967
Monday is KEY. If we hold this $84K-$85K base over the weekend and buyers step in on Monday open, I think we squeeze straight to $87.5K.
NFP cleared the weak hands. Next stop up.
Are you long or did you get shaken out?
#BTC #Bitcoin
Everyone got scared on Oct 2nd NFP and that's exactly what the market wanted.
Here's what actually happened:
U.S. jobs data came in SHOCKINGLY weak - just 29K jobs vs 90K expected.
$BTC wicked above $87K instantly, then dumped hard. Classic trap.
What did that dump do? Shook out all the breakout longs and flipped everyone bearish looking at that big red candle. Smart money move.
But look now...
$BTC is NOT going lower. It's quietly climbing back and holding $84K-$85K. Sellers are exhausted. Green candles are slowly coming back.
This is how bottoms form.
Plan: Still LONG $BTC
Entry: Around $84.5K-$85K zone
Target: $87,500
Stop Loss: $83,967
Monday is KEY. If we hold this $84K-$85K base over the weekend and buyers step in on Monday open, I think we squeeze straight to $87.5K.
NFP cleared the weak hands. Next stop up.
Are you long or did you get shaken out?
#BTC #Bitcoin
