Mimi Ho @KoraTrades: "𝐖𝐞𝐞𝐤𝐥𝐲 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 Yesterday’s BTC move was..."

Australia

𝐖𝐞𝐞𝐤𝐥𝐲 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 Yesterday’s BTC move was classic market maker behaviour. Price went sideways most of the weekend, high leverage liquidity built up above and below, then both sides got taken out in one sweep. That’s why the chart looked so strange. Right now liquidity is still stacking above price. It’s just a matter of when we push up. If BTC can hold above 90k during the UK-US sessions, we could see another push toward 95k. That level is still a significant battle zone. A clean break opens the path higher, a rejection brings more downside. There are also large buy orders around 75k and if price ever tags that area the bounce should be strong. 🗓️ 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐞𝐯𝐞𝐧𝐭𝐬 & 𝐝𝐚𝐭𝐚 𝐭𝐡𝐢𝐬 𝐰𝐞𝐞𝐤:  This is one of the busier weeks of the year before markets go quiet. The data coming out could set the tone. ▪️JOLTS job openings, a simple read on how strong the job market still is ▪️ FOMC this week. Fed updates its rate views and outlines the path forward ▪️ Markets will move based on how confident or cautious the Fed sounds ▪️ Job data and cost of employment numbers add to the overall picture 📌 𝐌𝐲 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰  𝐒𝐡𝐨𝐫𝐭 𝐓𝐞𝐫𝐦 There’s room to visit lower levels, but today’s UK and US sessions should give direction. 𝐋𝐨𝐧𝐠 𝐓𝐞𝐫𝐦 The bigger trend hasn’t changed. At some point momentum will return, whether it’s into Christmas or early next year. We still have rate cuts, inflation prints and other catalysts lined up. I’ll cover these in detail overtime.  𝐁𝐞𝐚𝐫 𝐂𝐚𝐬𝐞 → Charts point to a bear cycle → 4 year cycle timing → Sentiment is bearish → This week’s data could confirm downside → Bear case implies a shorter, shallower selloff toward 60-70k → Could it be as simple as technical analysis to prove a bear market? 𝐁𝐮𝐥𝐥 𝐂𝐚𝐬𝐞 → No real euphoria → Extreme fear at record length → Retail was never here. ISM Manufacturing contraction shows weak demand  → BTC has largely followed the ISM cycle which happened to coincide with the 4 year crypto cycle. Which cycle is the real guide?  → The masses are bearish, a potential contrarian setup? → QT has ended but impact takes time → Rate cuts and ETFs coming → Big money accumulating → This week’s data could trigger continuation → Liquidity above price from short positions. A magnet for market makers → BTC continuation would rotate into $ETH and alts → Macro environment is bullish 𝐖𝐡𝐚𝐭 𝐈’𝐦 𝐝𝐨𝐢𝐧𝐠 → Watching for strength or weakness in the relief rally to come  → Derisking and trimming into the bounce while positioning for both outcomes (bull/bear) → Reassessing as macro and data unfolds.  → Ready to accumulate more if the bear case plays out 📍𝐓𝐋𝐃𝐑 → Relief bounces still in play until proven otherwise → Key levels remain 95k first, then above 100k → Derisking into strength and staying flexible for both outcomes → Macro data this week significant → Ready to accumulate if the bear case plays out → Long term I remain strongly bullish. The future is bright for BTC and crypto sector  𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲  I share my insights in real time and in more detail within my private community. Message me on LinkedIn (link in my profile) if you wish to join. Have a great week ahead! 👩🏻‍💻☕️ (The above is my opinion based on my analysis and research and not financial advice)

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