🚨 BTCUSDT | WEEKLY RADAR NEXO
New week and BTC is reaching a zone where we need to pay close attention.
📊 WEEKLY READING
We’re coming from a major bearish impulse, a recovery from lows, and now price is building a weekly chop/range in the upper area.
👀 There’s a detail that’s not to be overlooked: BTC moved toward highs while weekly volume was losing strength.
This DOESN’T confirm a short. But it does tell us something important: the advance still needs to demonstrate intent and participation to confirm a continuation.
🗓️ WHAT ARE WE LOOKING AT THIS WEEK?
🔸 Monday 5: US ISM Services — an important data point for growth, inflation, and expectations about rates. The September manufacturing ISM already showed pressure in prices, so this component deserves attention. �
ISM
🔥 Wednesday 7: FOMC MINUTES
The Fed will publish the minutes from the September 15–16 meeting. They can change the market’s expectations for the next rate move. �
Federal Reserve +1
🔸 Thursday 8: we’ll keep a close eye on labor data and speeches by Fed members, including Christopher Waller. �
Federal Reserve
⚠️ Also, we’re entering this week after a weak jobs report: the US created only 29,000 jobs in September, with unemployment at 4.2%, and the July/August figures were revised down by 60,000 jobs combined. �
Bureau of Labor Statistics
🎯 WHAT DOES NEXO LOOK FOR?
Don’t guess whether BTC will go up or down.
Breakout + acceptance + volume above the range = continuation scenario.
Sweep/rejection above + loss of structure = we start looking for the opposite scenario.
First weekly context.
Then 4H/1H.
Confirmation on 15M.
And only then we look for the trigger. 🎯
Price is above. Volume is declining. This week can give us the missing confirmation.
👇 Do you see accumulation to continue, or distribution at the highs?
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