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People want to see the lifestyle in order for them to be sure that you are winning, so men who know how to play the game borrow to fund the lifestyle in return. People who want to see the lifestyle indirectly pay the debt.
#Bitcoin it's very important that we pay attention to the weekly close and weekly open candle. Bitcoin refuses to drop below 115k. It's a sign that we're bullish this week, mostly definitely because of the Fed rate cut. There's also $7B to be liquidated 120k
#Bitcoin has gone above our target sell zone. For me, this is a massive dump coming
The FOMC ahead is the only thing holding the market up
$ETH has nearly $1,500,000,000 in long liquidity around $4,200 level.
Usually, such large liquidity is often swept before the next move.
#BTC reclaimed the $113,500 level.
The next major level for BTC is $117K, which also has a CME gap. And that will only happen if Fed cut rates this month.
A reclaim of $117,000 will send Bitcoin to new highs. Else below 105k will be next
Altcoin Warning At 117K | turned bearish & warned alts would pump as a trap. That's happening now-exit pump, not altseason. Retail FOMOing while ignoring PPI, CPI & FOMC ahead. Fear drives upside. Greed sets downside. Don't be exit liquidity. #Altcoins pumping is a trap #Bitcoin
The weekly close candle speaks volumes - and this week, one critical shift must be addressed. The bulls are gone.
After the breakdown and retest, the bearish thesis is now confirmed. #Bitcoin#Crypto