#Bitcoin - What's Next? Bitcoin next possible move?
The big Sunday report, all you need to know:
π© TA/LCA/Psychological Analysis: Last week was pure fun, despite the crash, some peoples fear became others euphoria. It was a great day to buy more and shake out the weak hands. BlackRock and Fidelity didnβt sell at all, no they even added more. ETF in and outflows are solid and healthy. No greedy or scared behaviour from ETF buyer side. The whales added up a mind-blowing 400,000 BTC in just 30 days. Thatβs 2% of the entire supply. And they didnβt hesitate during the Monday drop. They even added most on Monday! You can clearly see that the "Smart money" has not panic sold, but rather panic bought. More than happy that Doc community was one of those who panic bought!
The market is still in the box, in the same range itβs been stuck in all year. And let me make this crystal clear: the bottom of this range is a BUY zone. Every dip below the box is a golden opportunity, and youβve seen how fast those wicks get filled. My accumulation orders are placed at the bottom and just below. At 50k I told you BTC would hit 58-60k, and guess what? It nailed those targets few days later, while everyone else panicked on Monday, I made my moves publicβand bought. We sniped
BNB at $396, now up 30%; ONDO at $0.55, now up 50%, BTC itself, now up 28% and many other coins that are in big two digit profit already. Few. So whatβs next? The EMA50 and MA200 daily are standing as resistance, but if they think they can hold us back, theyβre mistaken. Even if thereβs a POSSIBLE brief pullback to 54-55k, itβs just another wick to flush out the weak hands. Thatβs exactly where my long orders are waiting if market allows this to happen. But make no mistake, the real target is the diagonal resistance between 69-70k. Weβre heading there, Iam holding strong! . Anyone doubting the box has already learned their lesson the hard way. Panic sellers got played, tricked and massacred in their shorts and now sitting on stablecoins fearing that markets will skyrocket from here. I repeat it again: The fear is on the side of the stablecoin holder, not on investors side. The person that holds the cash right now sits in fear missing out, the person that sits on his BTC knows exactly that higher is the next target.
In terms of calendar this week, things are about to get wild. Tuesday brings the PPI data, and Wednesday the CPI numbersβthese are going to bring massive volatility to the market and set the stage for the incoming rate cut. My bet is: inflation data is going to come in better than expected, giving the September FOMC meeting all the ammo it needs to start cutting rates. Thanks for reading.
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