Trader & Investor | Economics, News, Bitcoin, Crypto & Stocks | In crypto since 2017 | No FA
Amsterdam, The Netherlands
Joined November 2023
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$BTC got strongly rejected at $81,000 again.
I doubt $79,000 holds this time.
My main downside target is $76,000–$77,000, and that’s where I’ll start looking for longs.
No interest in buying here.
Patience.
$BTC falls back below $80,000.
I shared on Telegram this morning that I closed my long at $80,440 because I didn’t like Bitcoin’s price action.
I also mentioned that I think we could see another move lower first.
The level I’m watching for a new long is $76,000–$77,000.
Follow me on Telegram for real-time updates.
t.me/wealthmangerr
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$BTC is sitting between major liquidity zones, with heavy liquidity around $79K and $85K.
A sweep of the downside liquidity could set up the next move toward $85K.
Tech stocks are bouncing back today!
Nasdaq is up 1.5%.
Meanwhile, $BTC is moving sideways, trading around $80K.
Will Bitcoin follow the tech rally?
$BTC is testing the $80.2K support that has held since September.
Even if we sweep $75K–$77K, I’m still expecting buyers to step in for the next leg higher.
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$BTC falls back below $80,000.
I shared on Telegram this morning that I closed my long at $80,440 because I didn’t like Bitcoin’s price action.
I also mentioned that I think we could see another move lower first.
The level I’m watching for a new long is $76,000–$77,000.
Follow me on Telegram for real-time updates.
t.me/wealthmangerr
The Brazilian stock market dropped 20% after Lula da Silva won the election against Flávio Bolsonaro.
Looks like investors prefer right-wing leadership over Lula’s left-wing policies.
$BTC ETFs are back in the green with $301M in weekly inflows after two weeks of outflows.
Institutional demand is returning. Now we need buyers to keep showing up for the next leg higher.
$BT.D is holding its rising channel, and Stoch RSI has reset again.
Dominance could push toward 61% while altcoins continue to face pressure.
$ETH just printed a bullish divergence on the 4H chart.
Price made a lower low while RSI made a higher low.
FOMC rate decision this Wednesday.
Last time, $BTC sold off on Monday/Tuesday, bottomed on Wednesday, then rallied hard from $75K to $87K in the days that followed.
Will history repeat itself this week?
Total crypto market cap has lost the $2.68T level, which has now turned into resistance.
Unless bulls reclaim this level, a drop toward $2.55T becomes increasingly likely, potentially sending $BTC back to retest $76,000.
The next few days will be crucial.
$BTC is showing a similar setup to the September dip.
I’m expecting a similar move to play out again from here.
$ETH has slipped below the 200-day EMA.
If bulls reclaim it, I’m expecting a strong bounce back toward $2,500.
$BTC is still holding the trendline, and another retest is possible.
As long as buyers keep defending this level, a bounce toward $82K and higher could follow.
