Hi,
Bitcoin (BTC) is in a holding pattern, causing market anxiety as participants anticipate a potential "short squeeze". Economic factors, including upcoming Fed minutes and mounting US jobless claims, contribute to market uncertainty.
Key points:
Bitcoin's price is stagnant, leading to market nervousness and speculation about a potential short squeeze.
Exchange flows suggest a bearish phase is starting, despite persistent investor confidence.
Concerns are growing that the current price floor around $90,000 may not hold.
Upcoming economic data, including Fed minutes and jobless claims, are expected to influence market direction.
Expectations for interest rate cuts by the Federal Reserve have been pushed back due to persistent inflation.
*Price Action Conclusion:
Overall, the BTCUSDT looks bearish at the H1 with one price target for a bias of 95452.02
Happy Trading.
K.
Not trading advice.
Bitcoin (BTC) is in a holding pattern, causing market anxiety as participants anticipate a potential "short squeeze". Economic factors, including upcoming Fed minutes and mounting US jobless claims, contribute to market uncertainty.
Key points:
Bitcoin's price is stagnant, leading to market nervousness and speculation about a potential short squeeze.
Exchange flows suggest a bearish phase is starting, despite persistent investor confidence.
Concerns are growing that the current price floor around $90,000 may not hold.
Upcoming economic data, including Fed minutes and jobless claims, are expected to influence market direction.
Expectations for interest rate cuts by the Federal Reserve have been pushed back due to persistent inflation.
*Price Action Conclusion:
Overall, the BTCUSDT looks bearish at the H1 with one price target for a bias of 95452.02
Happy Trading.
K.
Not trading advice.
交易結束：目標達成
That was interesting—how price action moves. It is fine.
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