$BTC had a good rally today. the volume is much lower than yesterday though, which indicates a lack of sellers. Theyre most likely waiting for amother high, we can see that with the density of sell orders waiting at 71k and 72k. Even if profits will be taken at the end of day i expect the price to find support above 69000 at the lowest. This week will close with a green candle. Expecting 72k by next week and possibly 74k the week after once the CPI and PPI for May come out which im expecting to be lower than forecast especially the y/y. the main target for the bull flag breakout of the past 3-4 month consolidation is 79k. i expect that will be the top for this month. 100k when the fed cut rates in september. These predictions dont take into account the volatility that will occur between those price levels. But definitely can no longer expect sub 60k prices. If a dump does happen, it will bottom out at 63k. It still definitely is a possibility especially after short liquidations are taken at 74k, price will try to liquidate late longs at 67k 68k and then the longs that open at those price ranges with SLs and liquidations at 63k.
For now i only find it safer to take scalps in the first 3 days of the open week. Waiting for the CPI PPI and fed announcement. I wont go into details about the macroeconomics but in short the fed will be forced to cut soon and we are still early in the bullmarket. The bullmarket top will only be once we get a 2nd or 3rd cut by 2025 August before an extensive bear market. I'll maybe make a video explaining these but for now this is my short term view.