BTC DAILY PLAN 14/10
I’m still not convinced by $BTC’s current price structure. We’ve been chopping around this range for a while without any clear signs of a strong breakout
We also have CPI coming tonight, a major macro catalyst that could trigger significant volatility. I wouldn’t be surprised to see BTC sweep liquidity on both sides before confirming its next direction
What concerns me more is the potential selling pressure, with BTC exchange inflows showing signs of increasing. If CPI comes in worse than market expectations, it could trigger even stronger selling pressure, especially with liquidity being this sensitive
My short-term bias remains bearish. I’m leaning toward a scenario where BTC sweeps the highs first before reversing lower, or breaks down directly if the data is bad enough
For now, I’d rather wait and see how price reacts after CPI instead of rushing into a position. Major news events like this often lead to fake breakouts and stop hunts on both sides
Manage your leverage carefully, guys. I’m still expecting a deeper correction on BTC
$BTC
I’m still not convinced by $BTC’s current price structure. We’ve been chopping around this range for a while without any clear signs of a strong breakout
We also have CPI coming tonight, a major macro catalyst that could trigger significant volatility. I wouldn’t be surprised to see BTC sweep liquidity on both sides before confirming its next direction
What concerns me more is the potential selling pressure, with BTC exchange inflows showing signs of increasing. If CPI comes in worse than market expectations, it could trigger even stronger selling pressure, especially with liquidity being this sensitive
My short-term bias remains bearish. I’m leaning toward a scenario where BTC sweeps the highs first before reversing lower, or breaks down directly if the data is bad enough
For now, I’d rather wait and see how price reacts after CPI instead of rushing into a position. Major news events like this often lead to fake breakouts and stop hunts on both sides
Manage your leverage carefully, guys. I’m still expecting a deeper correction on BTC
$BTC