Guys, one thing is clear to me: $BTR is likely to move lower sooner or later. However, before the drop, it could still print one more bullish candle and sweep out short sellers by hitting their stop losses. On the other hand, there's also a chance it starts dropping from the current level.
That's why I'm not waiting. I'm opening a small short position now. If the price moves higher first, I'll DCA into my position at better levels. If it starts dropping from here, I'll add to my position while ...
So I thought we'd bounce back fast, right? But nope — $BTC got slapped down hard at $78k. That kind of quick rejection? Not a good look.
If this keeps sliding like it did last week, we might see some nasty liquidation wicks again. The zones I'm watching:
$75,800–76,200
$74,000
Those are the spots where I'd actually consider loading up. Not saying it's guaranteed, but if we wick down there, that's where the real opportunity might be. Just gotta be patient and not chase every little move.
Being patient enough to catch a big move is often the least exciting part of trading and probably the part very few people have the patience to stick with.
For me, the edge is knowing when it’s time to play aggressively.
Until then, I’m comfortable taking singles, scratches, controlled wins and losses, while keeping the number of trades relatively small.
I don’t need to force a trade just because the market is moving.
Unless I start seeing clear high-timeframe continuation, I’ll likely keep ...
𝐋𝐢𝐬𝐭𝐞𝐧 𝐭𝐨 𝐦𝐞 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 — 𝐫𝐞𝐚𝐝 𝐭𝐡𝐢𝐬 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐭’𝐬 𝐭𝐨𝐨 𝐥𝐚𝐭𝐞❗️❗️
The level we’re watching right now is very important. Don’t miss this. $BTC is deciding its next major move.
The big question is: Will #Bitcoin❗ drop toward the next strong support zone around $75,500, or recover from here and push toward $82,000?
In my opinion, $75,500 could be tested first if selling pressure continues. But if bulls defend this area and regain momentum, $82,000 becomes th...
Fed pivot talk is heating up again. Latest odds now show a September rate hike is back on the table.
This is a shift. Markets had been pricing in cuts or a long pause. If inflation stays sticky or jobs stay hot, Powell's crew might actually tighten again.
Watch the data closely. CPI, payrolls, and consumer spending will drive this. If the Fed hikes, expect volatility across equities, especially rate-sensitive sectors like tech and REITs.
Exchange rate implications matter too. A hawkish Fed us...