Current BTC is around $77.7K, so this level is right at the battle zone. � Binance +1 My levels: 🟢 4H close above $77,700 → bullish 🎯 First target: $78,500–$79,000 🎯 Next: $80,000–$81,500 🚀 Strong breakout + volume → $82,500–$83,500 🔴 If price closes back below $77,000, breakout can become a fakeout → watch $76,000–$75,500
Strong economy gives the Fed less reason to cut rates.
More importantly, Warsh is also saying inflation is still too high and the Fed may need to do more if it doesn't fall. � Barron's +1 That is hawkish for rates → potentially bearish for BTC/ETH, especially short term.
I expect something like: “Inflation remains the priority; we are prepared to keep policy restrictive, but we will respond to incoming employment data.”
My bias: slightly bullish, but expect a pullback/retest first. 🟢 Above $80,000–80,500: bullish → $82,000–83,500 🟢 Break & hold above $83,500: could extend toward $85,000 🔴 Lose $78,500: likely correction → $76,500–77,000 🔴 Below $76,500: bullish setup weakens significantly. For me, the key level is $80K. If BTC holds it on 1H/4H candles, I would favor longs rather than chasing a short.
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Right now, the market feels pretty quiet, with no significant events pushing things in one direction or another. I'm keeping an eye on BTC and ETH for possible short opportunities, aiming for at least a 5% move if the bearish setup plays out. 📉
Staying patient is crucial, it's all about waiting for that confirmation before jumping into a trade.