Spot rally from USDC depeg
We are at a interesting spot Weekly close above 29k
Probably off to the races unless its a fake out
This could be a Local Top if spot unwinds and starts taking profits back into stables
Stable liquidity has never left the Market on my on chain analysis
its just moved periodically into coins on uptrends
POC on this move is 24k
CME gap at 27-28k filled perfectly Today
Gap up into it
So two CME gaps lower
1 higher
Now, we have one lower at 20100-21200
That, buy back on the weekly is bullish reclaim
But, was caused from stress in the Market & a flee to safety from stable holders
Along with CZ 1B Market recovery Fund deployment
Not a organic buying situation
FOMC this week will be using these parameters to trade
this very well could be range expansion & just a move that clears
the AUG Seller Demand zone
from later move higher
Let's see where these crazy Markets take us
Inherently Bullish on BTC
Just alot of insifficiencys in the Market and move up
23800 Massive Goose egg defended by a bid wall all
Last week on Perps
Perps chased price 25-28k
Deleveraging will eventually happen
it always does
We are at a interesting spot Weekly close above 29k
Probably off to the races unless its a fake out
This could be a Local Top if spot unwinds and starts taking profits back into stables
Stable liquidity has never left the Market on my on chain analysis
its just moved periodically into coins on uptrends
POC on this move is 24k
CME gap at 27-28k filled perfectly Today
Gap up into it
So two CME gaps lower
1 higher
Now, we have one lower at 20100-21200
That, buy back on the weekly is bullish reclaim
But, was caused from stress in the Market & a flee to safety from stable holders
Along with CZ 1B Market recovery Fund deployment
Not a organic buying situation
FOMC this week will be using these parameters to trade
this very well could be range expansion & just a move that clears
the AUG Seller Demand zone
from later move higher
Let's see where these crazy Markets take us
Inherently Bullish on BTC
Just alot of insifficiencys in the Market and move up
23800 Massive Goose egg defended by a bid wall all
Last week on Perps
Perps chased price 25-28k
Deleveraging will eventually happen
it always does