$BTC today‼️
Congrats to everyone who followed my setup to accumulate positions from $79,500 and locked in at least a 20% profit. Today, I also closed two quick intraday trades, banking +10.9% on each.
Following the recent impulse, the price has entered a local consolidation phase. Most analysts are currently anticipating a test of strong dynamic resistance at the 365-day moving average around the $83,000 mark.
According to CoinDesk, whales purchased 2,000 Bitcoin call options yesterday with an $82,000 strike expiring on September 4th, paying roughly $3M in premiums. Spot ETF inflows persist, and the Treasury has announced a bond buyback program. These catalysts confirm an influx of liquidity and strong buyer interest. Locally, however, the market is flashing caution.
On Deribit, the 7-day skew shifted from 2.36% to -5.17, signaling that traders are hedging their positions ahead of the macro events scheduled for the second half of the week. Tomorrow, I will be closely monitoring corporate earnings and headlines regarding potential sanctions on Asian energy markets.
The current Bitcoin sideways price action should act as a positive driver for altcoins. As for BTC itself, I am looking for a quick intraday long today, provided we get confirmation of a bounce from the key support level at $79,500. If this level breaks to the downside, I prefer to stay in cash until the situation clarifies.
Wishing everyone massive profits💰💪
Congrats to everyone who followed my setup to accumulate positions from $79,500 and locked in at least a 20% profit. Today, I also closed two quick intraday trades, banking +10.9% on each.
Following the recent impulse, the price has entered a local consolidation phase. Most analysts are currently anticipating a test of strong dynamic resistance at the 365-day moving average around the $83,000 mark.
According to CoinDesk, whales purchased 2,000 Bitcoin call options yesterday with an $82,000 strike expiring on September 4th, paying roughly $3M in premiums. Spot ETF inflows persist, and the Treasury has announced a bond buyback program. These catalysts confirm an influx of liquidity and strong buyer interest. Locally, however, the market is flashing caution.
On Deribit, the 7-day skew shifted from 2.36% to -5.17, signaling that traders are hedging their positions ahead of the macro events scheduled for the second half of the week. Tomorrow, I will be closely monitoring corporate earnings and headlines regarding potential sanctions on Asian energy markets.
The current Bitcoin sideways price action should act as a positive driver for altcoins. As for BTC itself, I am looking for a quick intraday long today, provided we get confirmation of a bounce from the key support level at $79,500. If this level breaks to the downside, I prefer to stay in cash until the situation clarifies.
Wishing everyone massive profits💰💪
