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Letโs see how this plays out.
๐จ Thereโs a play unfolding right now that most people arenโt seeing.
Itโs not about Bitcoin ETFs.
Itโs not about TradFi adoption.
Itโs not even about Saylor anymore.
Itโs about @jackmallers .
Itโs about XXI.
And itโs about building the first Bitcoin-native financial lattice. ๐งต
The directional choice is now clear, given that the lower high has been confirmed on higher timeframes.
Odds of price futures price tags in the short term:
97k (95%)
93,2k (50%)
88,8k (30%)
So what's next for $BTC? I believe a second double will form the last push for Q2. If we make a lower high (red arrow) then we will go deeper on the pullback. If we make a higher high (green arrow), then we pull back less. In either scenario, a pretty Inv. H&S is forming for the Q3/Q4 rally to end 2025.
#bitcoin #corn $BTC #crypto #markettechnician #newATH
$CRCL I don't make a lot of calls as it's not my style. I like to trade the middle and then sell or buy after inertia either accelerates or exhausts. But this one was a little obvious. Long-term hold but TP'ing along the way.
This one was going great until @realDonaldTrump pee'd in the cheerios again. Regardless of how much market inertia is predictable, I cannot overcome things like this.
Why the rush? Why risk trying to catch the bottom when you're most likely just catching a falling knife? Every dump is followed by at least one retest to give you an entry. $btc #bitcoin#crypto#patience#touchgrass#chill
$BTC short-term price action โฐ
I believe we will run sideways on SAT/SUND for the most part (maybe up a little today, and dump tomorrow, but nothing drastic). Then have a relief rally early next week into the FOMC, to then ultimately dump late next week, which will kick off the summer lull that has happened the last two years.
All of this is setup by $BTC, making that lower high on June 9th.
#bitcoin #crypto #summer #MarketUpdate
MACD (Moving Average Convergence Divergence). Just one tool in the vast sea of indicators and "tells" of where inertia is headed.
What's it used for? To spot a potential Convergence or Divergence, ultimately leading to a confirmed C or D.
In this $BTC daily chart, you can see the confirmed bearish divergence.
Which I believe has led us to now make a lower high on June 9th, which will have us pulling back to a more uncomfortable area before resuming up.
JPow's FOMC next week holds all our hearts in balance ๐
#Bitcoin #crypto #fomc #sellinmay